Tokenized stock transfers surge 105% in a month to $8.4B
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- Tokenized stock transfers surged 105% in a single month to $8.4 billion, while tokenized US Treasurys stayed flat and the broader RWA market grew only about 4% to $33.5 billion.
- The tokenized stock market expanded roughly 471% over the past year, rising from ~$378 million to $2.16 billion, according to RWA.xyz data.
- During the SpaceX IPO, Kraken, Bybit, and Bitget Wallet used xStocks infrastructure to offer tokenized pre-IPO shares, with customer demand exceeding available allocation.
- Securitize became the first newly public company to issue tokenized versions of its shares on the Solana and Avalanche blockchains at its New York Stock Exchange debut.
- The DTCC plans to launch a tokenized securities service in October after receiving regulatory approval to offer tokenization on pre-approved blockchains under a three-year pilot.
- NYSE parent ICE unveiled plans for a platform to trade tokenized stocks and ETFs, while Nasdaq partnered with Kraken and infrastructure firm Backed to link traditional equities with blockchain networks.
Why it matters: Wall Street incumbents are no longer observing tokenization from the sidelines — the DTCC's October pilot and NYSE/ICE platform put regulated venues on a collision course with crypto-native exchanges like Kraken and Bybit. Securitize's NYSE-issued tokenized shares on Solana and Avalanche prove the SEC will let this happen on public-company debut day, removing a key regulatory objection.
