TLDR:The tokenized stock market generated $29.5 billion in 30-day transfers, rising more than 415%. Active use grew faster than value.Monthly active addresses climbed over 209% to 1.3 million. The holder count advanced 167% to 2.36 million during the same period.Ondo, Kraken xStocks, and Binance bStocks held about 81% of distributed value. Their combined balance exceeded $2.05 billion.Coinbase and Bitwise expanded self-custodied equity products for eligible non-U.S. users. DeFi use adds custody and smart-contract risks.The tokenized stock market recorded $29.5 billion in on-chain transfers during the 30-day period, an increase of more than 415%. RWA.xyz figures show participation expanding beyond transaction volume. Monthly active addresses rose more than 209% to about 1.3 million, while holders increased 167% to 2.36 million. The value distributed on-chain reached $2.54 billion, only 1.45% higher during the month but 637% above its year-earlier level. That contrast matters: activity grew much faster than outstanding value. The tokenized stock market is therefore seeing heavier circulation, broader wallet use, and new product integration. Outstanding on-chain value did not record an equivalent surge.Tokenized Stock Market Growth Broadens On-Chain DemandThe latest market composition shows both scale and concentration. Ondo led with $842.8 million in distributed value. Kraken’s xStocks held $609.3 million, while Binance’s bStocks reached $599.9 million. Combined, those platforms controlled roughly 81% of the $2.54 billion market. The tokenized stock market has expanded, but its infrastructure and issuance remain clustered around three providers.Tokenized stock activity. Source: RWA.xyzTokenized stocks show a separate ranking. Securitize Corp. represented about $163 million, followed by Strategy PP Variable xStock at $136 million. Ondo’s tokenized Circle Internet Group shares held $109 million. These balances identify where value sits, while transfer volume measures how often assets move between wallets and applications.Monthly transfers equaled about 11.6 times the sector’s distributed value. That ratio should not be read as $29.5 billion of new investment. It can include repeated trades, wallet transfers, redemptions, liquidity operations, and collateral movements. Even so, rising active addresses and holders provide separate evidence that participation widened alongside turnover.The year-over-year increase from $344 million to $2.54 billion gives the tokenized stock market a larger base than last summer. The sharper monthly jump in activity suggests users are finding more ways to trade and deploy tokenized stocks.Crypto Platforms Extend On-Chain Equities Into DeFiCoinbase added tokenized U.S. stocks to Base on August 24 for eligible users outside the United States. Initial assets covered Apple, Nvidia, Meta, and Alphabet. Base says each B20 token represents a real share held one-for-one through a regulated custody structure. Holders can keep the assets in self-custody wallets, trade through supported venues, or connect them with decentralized applications.Source: BaseBitwise followed one day later with Automated Token Portfolios built from Coinbase-issued assets. Glider executes rules-based rebalancing while users retain their tokens. Mag7X launched first. Robotics and artificial intelligence models were still forthcoming. Access is limited to eligible non-U.S. persons, and Bitwise states that its SEC registration does not mean regulators approved these portfolios.Other platforms are moving on-chain equities beyond spot trading. Bybit added tokenized shares, including Nvidia, Apple, and Tesla, as collateral for margin borrowing in July. Robinhood-backed Arcus also introduced more than 95 stock tokens and perpetual markets. On-chain equities may generate transfers without raising distributed value by the same amount.Several offerings support extended trading outside normal U.S. exchange hours. That access lets users respond to events sooner. Still, thinner off-hours liquidity can widen spreads and weaken price tracking until markets reopen.The tokenized stock market also offers different structures. Some products provide direct claims on custodied shares, while others deliver synthetic price exposure or cash redemption. Trading hours, dividend handling, voting rights, redemption terms, and investor protections can therefore vary by issuer and jurisdiction.DeFi use adds smart-contract, oracle, liquidity, and liquidation risks. Market concentration creates another dependency, since three platforms hold most distributed value. Investors must assess the issuer, backing arrangements, custody, transfer restrictions, and redemption process. They should not treat tokenized stocks like brokerage holdings. Coinbase’s Base offering, for example, restricts availability to eligible jurisdictions outside the United States.The post Tokenized Stock Market Activity Surges Over 415% to $29.5 Billion appeared first on Blockonomi.