Tokenized Stock Holders Double to 1.31M as Monthly Volume Surges 180%
Summary
Tokenized stock adoption is accelerating sharply: holders more than doubled in a month to 1.31 million, monthly transfer volume jumped nearly 180% to $23.13 billion, and active addresses rose 34.62% to 572,000. Kraken's xStocks holds $557.8 million in distributed value, second only to Ondo's $872 million, while Binance's bStocks is closing in at $521.8 million. This follows Kraken's July partnership with GTN to expand xStocks and the broader industry push into tokenized pre-IPO products. The rapid growth in holders and volume suggests strong retail demand for tokenized equities, which could boost Kraken's fee revenue and competitive positioning. Watch whether Kraken can maintain its lead over Binance's fast-growing bStocks offering.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Cointelegraph.