Tokenized stock transfers surge 105% to $8.4B as on-chain equities expand

Tokenized stock transfers rose 105% in one month to $8.41B, per RWA.xyz data. The tokenized stock distributed value increased 43% to $2.16B, and holder counts grew 17% to over 409,000. Growth was led by major platforms: Figure (+935% distributed value in 30 days), Securitize (+332%), and xStocks (about +62%). By distributed value, Ondo led at ~$846M, followed by xStocks (~$708M), Securitize (~$306M), and Figure (~$239M). Tokenized equities also outperformed the wider RWA complex: tokenized US Treasurys were roughly flat while the broader tokenized RWA market grew about 4% to $33.5B. Over the past year, tokenized equities climbed from ~$378M to $2.16B (+471%). New momentum links the activity to expanding issuance. During the SpaceX IPO, Kraken, Bybit, and Bitget Wallet used xStocks infrastructure for tokenized pre-IPO access, beyond standard share allocation. Separately, DTCC plans a tokenized securities service in October (after regulatory approval), while ICE/NYSE and Nasdaq also advanced blockchain-linked initiatives. For traders, the acceleration in tokenized stock transfers suggests strengthening RWA liquidity narratives and may broaden participation across both crypto venues and traditional market rails.