Key facts
- Tokenized markets show different trading and investment patterns from traditional markets, according to a Dune report.
- The value of tokenized real-world assets reached $34.5 billion as of August 31, up over 140% year-on-year.
- In tokenized equities, single stocks represent 81% of spot supply, while ETFs account for 19%.
- Tokenized equity market was valued at $4.43 billion as of September 15, according to Binance Research.
- US regulators granted a temporary exemption for limited onchain trading of tokenized US-listed stocks on September 17.
Tokenized markets are exhibiting different trading and investment patterns compared to traditional financial markets, according to a new report by Dune. The analysis, which compared on-chain and off-chain activity across various asset classes, found that single stocks constitute 81% of the tokenized equity spot supply, while exchange-traded funds (ETFs) make up 19%. Armand Khatri, head of ecosystem at Ondo Finance, noted that tokenization enhances investor control over asset selection by reducing reliance on intermediaries.
As of August 31, the value of tokenized real-world assets (RWAs) reached $34.5 billion, an increase of over 140% from the previous year. While cash equivalents still dominate supply, equities emerged as the most actively traded segment within the tokenized market. Separate data from Binance Research indicated the tokenized equity market stood at $4.43 billion as of September 15, showing substantial growth but representing a small fraction of the global listed-equity market.
Binance Research projects tokenized equities could reach approximately $349 billion by 2030. Richard Teng, co-CEO of Binance, suggested that while tokenization may transform equity market access, the transition will be gradual. In parallel, regulatory bodies and exchanges are advancing tokenized trading. On September 17, the US Securities and Exchange Commission (SEC) issued a temporary exemption to permit limited onchain trading of tokenized US-listed stocks. Additionally, the New York Stock Exchange and Blockchain.com have revealed plans for a digital trading platform that would offer tokenized US-listed stocks and ETFs, pending regulatory approval.