Tokenized stock trading volume reached a record $3.57 billion on Monday, marking a new high for the on-chain equities market. Most activity was concentrated on Binance and Hyperliquid, while Kraken xStocks, Ondo, and Bitget helped push cumulative onchain stock trading into the billions. Bloomberg also reported Monday that the U.S. Securities and Exchange Commission is preparing guidance and innovation exemptions for the sector, adding a regulatory development to the market’s recent growth.