A year ago, the total onchain value of tokenized stocks was $344 million. It now sits at $2.54 billion — and monthly transfer volume just jumped 415% to
$29.5B. Holders are up 167%, active addresses up 209%.The activity looks structural. Coinbase launched tokenized US stocks on
Base for non-US users; Bitwise built preset portfolios from them; Bybit accepts them as margin collateral. Three platforms — Ondo, Kraken, Binance — already hold ~81% of the market.Non-US users are the primary audience because domestic regulators haven't drawn clear lines yet. When they do, the market will move fast, per RWA.xyz.
Cointelegraph