Robinhood and Binance bStocks Represent 47% of Tokenized Asset Addresses

Tokenized stock holders reached about 5.3 million in October, accounting for 83% of real-world asset (RWA) holders as the category expanded more than 10-fold since June.

Across all tokenized assets, holder addresses rose from 1.4 million to 6.4 million over the same period, or about 4.6 times. Tokenized stocks’ share of RWA holders climbed from 37%.

Robinhood accounted for 24% of all tokenized-asset holder addresses and Binance bStocks for 23%, a combined 47%. Each had about 1.5 million addresses, while xStocks had about 1 million. The three providers together represented 63.4% of all tokenized-asset addresses.

By network, BNB Chain counted 2.1 million addresses, or 32.6% of the total. Solana had 1.6 million addresses and Robinhood Chain had 1.5 million. Together, the three networks represented 82% of tokenized asset addresses.

Tokenized fund holders increased to 573,000 from 559,000 between June and October, while commodity holders rose to 523,000 from 302,000. By asset value, tokenized U.S. Treasury funds, private credit and other institutional products remained a sizable share.

Holder addresses measure a different activity from September’s tokenized-equity trading volume, when Robinhood and Binance bStocks together accounted for 76.7% of monthly volume.