Tokenized Equity Market Capitalization Reaches $3.8 Billion After 483% Rise

Tokenized equity market capitalization reached $3.8 billion in the week of Oct. 5, up 483% from the week of Jan. 5, while weekly decentralized-exchange spot trading rose sharply over the same span.

Market capitalization increased from $654 million to $3.8 billion, nearly 5.8 times its starting level. Weekly spot trading volume on decentralized exchanges (DEXs) rose from $45.8 million to $2.54 billion, about 55 times higher.

Ondo Finance remained the largest issuer by market capitalization at about $1 billion, but its market share dropped from 56% to 26%. xStocks’ market capitalization grew from $187 million to $954 million, representing 25% of the market. Binance’s bStocks, launched in June, reached $905 million in market capitalization, or 24%. Securitize had a market capitalization of $290 million, or 8%.

Robinhood’s tokenized-stock market capitalization rose from $20 million to $170 million after its July launch. The issuer figures show a broader distribution than at the start of the year, when Ondo held more than half of the market.

The blockchain breakdown shifted as well. Ethereum’s market share fell from 50% at the start of the year to 22%, while BNB Chain’s rose from 9% to 32%. Avalanche went from a 0% market share to 9%.

Active decentralized finance (DeFi) total value locked (TVL) for tokenized equities increased from $15.5 million on Jan. 1 to $313 million on Oct. 15, about 8% of total market capitalization. The Oct. 5 market capitalization was below the $4.87 billion market value recorded in September.