Tokenized Stock Holders Double to 1.31 Million as Monthly Volume Surges to $23 Billion

Tokenized stocks just had their biggest one-month growth spurt on record, according to data tracked by RWA.xyz, with the number of people holding them more than doubling in a single month. The numbers, drawn from onchain activity across the sector’s major issuers, paint a picture of a niche corner of crypto suddenly picking up mainstream trading habits.

• Holders: roughly 1.31 million wallets now hold tokenized equities, more than double the approximately 650,000 recorded a month earlier.
• Transfer volume: monthly onchain transfer volume surged about 179% to $23.13 billion.
• Active addresses: monthly active addresses climbed 34.62% to nearly 572,000.
• Distributed value: the total value distributed across tokenized stock platforms rose 5.9% to $2.38 billion.
• Market leaders: Ondo holds roughly $872 million in distributed value, ahead of Kraken’s xStocks at $557.8 million and Binance’s bStocks at $521.8 million — together accounting for most of the sector’s activity.

Analysts tracking the space point to a single catalyst behind the sudden acceleration: SpaceX’s tokenized share offering in June, which valued the company at $75 billion and gave retail-facing platforms a headline name to market. The jump from roughly 650,000 to 1.31 million holders in the weeks that followed lines up closely enough with that event that it’s treated as the likely on-ramp, even though RWA.xyz’s aggregate figures don’t isolate SpaceX exposure specifically.

The growth also lands inside a much larger story about real-world assets moving onchain. Standard Chartered has projected the broader tokenization market, spanning stocks, bonds, and other instruments, could reach $4 trillion by the end of 2028. Tokenized equities remain a small slice of that eventual total today, but the pace of this month’s jump — both in holders and in trading activity — is the kind of inflection point that tends to get cited later as when the category stopped being a novelty.

Tokenized equities are still an emerging product category with limited regulatory precedent in most jurisdictions, and their liquidity and legal treatment can differ meaningfully from the underlying shares they track; this is not financial advice. To understand how tokenization compares to holding Bitcoin directly, see coin680’s Bitcoin Academy.