Crypto: $3 Billion of Tokenized Stocks Exchanged in One Week

Tokenized stocks approached $3 billion in weekly spot volume at the beginning of August. In its analysis published on September 3, Grayscale ranks Robinhood Chain, BNB Chain, and Solana among the main networks of this new segment of the crypto market. Liquidity is growing fast. However, the use of these assets in onchain finance remains limited to about 5% of the market.

In Brief

Tokenized Stocks Approach $3 Billion

The figure comes from Grayscale: the weekly spot volume of tokenized stocks reached nearly $3 billion at the beginning of August. This growth further establishes these products in the crypto landscape, after several months of increasing volumes on major blockchains.

BNB Chain had already exceeded $5.2 billion in cumulative volume on tokenized stocks by the end of June. More than 700 stocks and ETFs were then available on its ecosystem.

Solana is also advancing quickly. In the second quarter, the network recorded $5.77 billion in volume on tokenized assets, which is 114% more than the previous quarter. Stocks alone accounted for $4.8 billion, compared to $1.1 billion in the first quarter.