TLDR Tech / Crypto
Tokenized stock holders more than double as monthly volume surges
Tokenized stock holders surpassed 1.31 million, more than doubling month-over-month, while monthly transfer volume climbed 179% to $23.13 billion and monthly active addresses rose 34.62% to 572,000. Ondo leads by distributed value at $872 million, followed by Kraken's xStocks at $557.8 million and Binance's bStocks at $521.8 million, with the latter launching in June and growing to $67.9 million in tokenized SpaceX exposure. The SpaceX listing exposed a supply constraint: xStocks could not secure sufficient underlying shares while Binance's bStocks absorbed the overflow, revealing that institutional share availability rather than retail demand is the binding limit on tokenized pre-IPO growth.
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