Tokenized Stocks Attract 3.67 Million Holders
Tokenized stocks account for most of the 3.67 million holders, but monthly volume and active addresses dropped sharply. RWA.xyz is seeing especially strong growth in onchain blue-chip stocks.
Key Takeaways
- The number of tokenized asset holders rose to a record 3.67 million, mainly thanks to tokenized stocks.
- Tokenized stocks had 2.96 million holders and made up 80.58% of all holders.
- Despite the growth, trading activity fell sharply, with lower transfer volume and fewer active addresses.
The number of tokenized asset holders has climbed to a record 3.67 million, but trading activity actually slowed. Tokenized stocks were by far the main driver, accounting for 80.58% of all holders, according to the tracker RWA.xyz.
Tokenized Stocks Lead the Way
Of the 3.67 million holders, 2.96 million came from tokenized stocks. Commodities followed far behind with about 332,000 holders, then asset-backed credit with around 91,000 and active strategies with about 81,000.
US Treasury debt also had a clear place in the market with nearly 73,000 holders, although that category remains especially important in terms of value. Real estate came in at about 15,000 holders and venture capital at fewer than 1,500.
The rapid growth fits with the rise of onchain stocks on platforms that offer blue-chip stocks as tokens. xStocks is one example: Kraken is expanding the platform into new markets, showing how quickly this category is gaining traction internationally. Tokenized stocks now include 5,246 individual assets with a combined value of $2.89 billion (€2.5 billion), up 14.03% in 30 days.
More Holders, Less Trading
The growth in holders stood in sharp contrast to activity. Monthly transfer volume for tokenized stocks fell 50.96% to $13.14 billion (€11.3 billion), while the number of monthly active addresses dropped 48.36% to 760,339.
That suggests more investors are holding the tokens, but trading them less often. Activity also cooled on decentralized venues: monthly volume in real-world asset perpetuals fell 13.5% in August to $122 billion (€105 billion), after a record $141 billion (€121 billion) in July.
Why This Matters
For European crypto followers, this shows how quickly tokenized stocks are becoming a separate market layer alongside traditional crypto. The mix of more holders and less trading may also say something about how investors use these tokens: more often as access to American stocks than as an active trading tool. That makes the trend relevant for anyone watching the line between crypto, traditional markets, and 24/7 access to U.S. stocks.
