179% Volume Jump As Binance bStocks Close In On xStocks

Key Points

• Tokenized stock holders climbed to 1.31 million in 30 days as monthly transfer volume jumped 179% to $23.13 billion, per RWA.xyz.
• Ondo leads distributed value at $872 million, while Binance’s bStocks sits at $521.8 million, about $36 million behind Kraken’s xStocks.
• For a $1,000 wallet, nearly 572,000 monthly active addresses mean more on-chain counterparties for Ondo, xStocks and bStocks tokens, though eligibility varies by issuer.

Tokenized stock holders more than doubled to 1.31 million in 30 days, and monthly transfer volume jumped 179% to $23.13 billion, according to RWA.xyz data. CoinMarketCap reported the figures on Oct. 10, noting that Binance’s bStocks, launched in June, “has already closed to within roughly $36 million of xStocks.” For your wallet, this means the stock tokens you can hold on-chain now have far more people on the other side of a trade, and a third major issuer competing for your order.

1.31M Holders Pile Into Tokenized Stocks In 30 Days

The tokenized stock market added people much faster than it added money over the past month.

RWA.xyz counted 1.31 million holders of tokenized equities, more than double the figure from 30 days earlier.

Monthly transfer volume rose 179% to $23.13 billion over the same period.

Monthly active addresses climbed 34.62% to nearly 572,000.

Total distributed value, the tokens actually out in holders’ hands, grew just 5.9% to $2.38 billion.

This is not a single launch. It is a 30-day snapshot of how many wallets hold stock tokens and how often those tokens move.

Transfers also grew far faster than active addresses, which suggests existing holders are trading more often, not only that new ones are arriving.

For a DeFi user, transfer volume is the figure that matters most. It tracks tokens changing hands on-chain, which is where your buy or sell order finds a counterparty.

Ondo’s $872M Lead And The bStocks Chase On xStocks

Three issuers hold most of that $2.38 billion.

Ondo leads with about $872 million in distributed value. Kraken’s xStocks follows at $557.8 million.

Binance launched bStocks in June 2026, and it already sits at $521.8 million.

CoinMarketCap put the remaining gap between bStocks and xStocks at roughly $36 million.

For a wallet shopping for stock tokens, that means three big shelves to compare rather than one.

Single tokens show the same spread. Securitize holds the largest distributed value at $145.2 million, followed by Strategy PP Variable xStock at $135.6 million.

Ondo’s tokenized Circle shares rank third at $99.7 million.

Binance’s tokenized SpaceX exposure has reached $67.9 million since SpaceX’s June 12 listing, seventh among individual assets.

Strip away the milestone and this is really about turnover: transfers grew 179% in a month while the value held grew 5.9%.

More trading on a slow-growing base can mean tighter prices for small orders. It also says the same tokens are being flipped, not only bought and held.

No yield comparison applies here. These are equity tokens, so your return comes from the share price, not a rate.

Before you pick an issuer, compare tokenized stock venues and liquidity across chains.

$557M SpaceX Rush Shows The Limits Of Stock Tokens

The growth followed a messy test of demand.

Ahead of SpaceX’s June 12 debut, Binance, Coinbase, Kraken, Bybit, Bitget and Blockchain.com each rolled out some form of SpaceX exposure.

A Binance campaign alone drew $557 million in subscriptions before the listing date.

Then supply ran short. Binance, Bybit and Bitget Wallet canceled their tokenized SpaceX pre-IPO campaigns after xStocks failed to secure enough underlying shares.

Customers got refunds. A stock token is only as good as the issuer’s ability to source the real share behind it.

Nick Ducoff, general manager of institutional at the Solana Foundation, has framed tokenized equities as a way to reach investors worldwide at internet scale, as our coverage of Securitize’s 12-stock Solana launch reported.

The holder count now backs that up. Whether order books deepen as fast as the crowd grows is the open question.

Standard Chartered has forecast that tokenized real-world assets could reach $4 trillion by the end of 2028.

Watch two things: whether bStocks passes xStocks, and whether transfer volume holds once this 30-day surge cools.

Each issuer sets its own rules on who can hold its tokens and what rights they carry, so read the terms before you buy.

Holders doubled in a month, but the value they hold barely moved. Whether the 1.31 million stay and deepen the pools, or churn out, is what your next stock-token trade depends on.

Trading stock tokens this month? The Secondary Markets desk tracks which issuers and pools pull ahead next.

Frequently Asked Questions

How many people hold tokenized stocks right now?

RWA.xyz data shows 1.31 million holders of tokenized equities, more than double the figure 30 days earlier. Monthly active addresses also rose 34.62% to nearly 572,000.

How does Binance’s bStocks compare to Kraken’s xStocks?

Kraken’s xStocks holds $557.8 million in distributed value and Binance’s bStocks holds $521.8 million, roughly $36 million behind. bStocks only launched in June 2026, so it closed most of that ground in a few months. Ondo leads both at about $872 million.

Can I still get tokenized SpaceX exposure?

Binance’s bStocks offers tokenized SpaceX exposure, which has grown to $67.9 million in distributed value since SpaceX’s June 12 listing. The earlier pre-IPO campaigns on Binance, Bybit and Bitget Wallet were canceled and refunded after xStocks could not source enough shares. Check eligibility for your region first.

Does higher transfer volume make small stock-token trades cheaper?

It can, because more trading usually means more counterparties for small orders. But transfer volume rose 179% while distributed value grew only 5.9%, so much of the activity is existing tokens changing hands. Check the pool depth for your specific token before you trade.