Tokenized stocks rise 220% in July, reminiscent of ‘early DeFi boom’

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.