Key facts
- Tokenized equity trading volume hit a record $3.86 billion in June.
- This represents a 145% increase from May's trading volume.
- Tokenized SpaceX shares comprised $1.19 billion of the total volume.
- Backpack Securities' SPCX token was the most traded, with $1.08 billion in volume.
- The market capitalization for tokenized equities reached a record $1.53 billion in June.
Tokenized equity trading volume surged to a record $3.86 billion in June, marking a 145% increase from May, primarily driven by investor interest in tokenized SpaceX shares following its substantial initial public offering.
SpaceX's tokenized shares accounted for $1.19 billion, or 31% of the total monthly volume. Backpack Securities' SPCX token was the most actively traded, with $1.08 billion in on-chain volume, followed by xStocks' SPCXx at $852 million.
This surge in activity follows SpaceX's $75 billion IPO, which valued the company at approximately $1.8 trillion on a fully diluted basis. While established names like Nvidia and Tesla remain popular, SpaceX tokens significantly outpaced them in trading interest.
The broader tokenized equities sector also saw growth, reaching a record market capitalization of $1.53 billion in June, its fifteenth consecutive month of expansion.