Tokenized stocks and exchange-traded funds recorded more than $37 billion in onchain trading volume in the third quarter, with monthly volume growing almost 18X since January, according to a report by Dune Analytics. The tally is from more than 200 venues and 12 chains, including OKX and Intercontinental Exchange Inc’s tokenized stock venue. Once a niche area, tokenization has since been embraced by Wall Street’s biggest players.
In September, the Securities and Exchange Commission granted a five-year exemption allowing qualifying venues to trade tokenized US stocks onchain. Robinhood Markets Inc., meanwhile, recently launched Stock Tokens, digital securities designed to track individual stocks and backed 1:1 by corresponding shares.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing