Tokenized stock transfer volume jumped 415% over 30 days to reach $29.5 billion, underscoring a sharp acceleration in on-chain activity, according to data from RWA.xyz.

Tokenized stocks are blockchain-based representations of traditional equities, typically backed 1:1 by the underlying shares, allowing them to trade around the clock and settle on-chain — a contrast to conventional equity markets, which operate on fixed exchange hours with multi-day settlement cycles.

The surge was accompanied by a 209% increase in monthly active addresses to approximately 1.3 million, while the number of tokenized-stock holders rose 167% to 2.36 million — a milestone that saw tokenized stock holders more than double in July 2026 as monthly volume surged.

However, the underlying value of tokenized equities grew far more slowly. The total value of tokenized stocks distributed on-chain rose just 1.45% over the past month to $2.54 billion, although that figure is up roughly 637% from $344 million a year ago.

The divergence suggests that the boom in activity is not necessarily equivalent to a similar increase in capital entering the market. Transfer volume can include wallet movements, settlements, custody transfers, and other on-chain activity, meaning the $29.5 billion figure should not be interpreted as $29.5 billion of stock trading.

Market concentration also remains high. Ondo, xStocks, and bStocks account for roughly 81% of distributed tokenized-stock value, indicating that a relatively small group of platforms still dominates the market.

One of those platforms, bStocks — tokenized 1:1 U.S. securities on Binance that trade 24/7 — crossed $100 million in assets under management (AUM) within two weeks of launch, with direct stocks on Binance reaching $1 billion in AUM within 30 days of launch. According to BitKE, 47% of bStocks trading volume takes place outside the U.S., a signal that demand for U.S. equity exposure extends well beyond American markets.

Direct stocks on Binance Reached $1 Billion in Assets Under Management (AUM) Within 30 Days of Launch #bStocks, tokenized 1:1 U.S. securities on Binance that trade 24/7, crossed $100 million in AUM within 2 weeks of launch. 47% of bStocks trading volume takes place outside U.S.… pic.twitter.com/gogmLni1QI — BitKE (@BitcoinKE) August 25, 2026 (X post)

The bigger test for tokenized equities will therefore be whether rising transaction activity translates into sustained growth in capital, repeat users, and genuine secondary-market trading. Liquidity depth, redemption mechanisms, and clarity around how tokenized shares are backed and custody-held will be among the factors that determine whether the current wave of on-chain equity activity matures into durable market infrastructure.

The growth in tokenized equities follows other recent developments in the space, including Coinbase's launch of tokenized U.S. stocks on Base and the July 2026 tokenization milestone.