Tokenized stocks rise 220% in July, reminiscent of ‘early DeFi boom’
Main Idea
Tokenized stocks experienced a 220% growth in July, signaling a potential inflection point that could lead to a $1.3 trillion market opportunity, driven by increasing demand and adoption in the real-world asset (RWA) tokenization sector.
Key Points
1. Tokenized stocks reached a $370 million market capitalization by the end of July, with $260 million attributed to Exodus Movement (EXOD) shares issued through Securitize.
2. Excluding EXOD, the market capitalization of tokenized stocks rose to $53.6 million, marking a 220% increase, reminiscent of the early DeFi boom.
3. Binance Research suggests that tokenized equities may be nearing a major inflection point, with potential to absorb 1% of the global equity market, surpassing $1.3 trillion.
4. Over 60 tokenized stocks are now available on major exchanges like Kraken and Bybit, offering benefits such as 24/7 trading and no commissions.
5. Kraken's Mark Greenberg emphasized that tokenized equities should aim for global accessibility and seamless integration, rather than just replicating traditional Wall Street systems on blockchain.
Description
Tokenized stocks are nearing an inflection point that may lead to an $1.3 trillion market opportunity, according to Binance Research.
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