a16z crypto said on-chain activity tied to tokenized stocks rose from $53 million a year earlier, with trading, wallet transfers and DeFi collateral deposits driving the increase.
Tokenized stock transfer volumes climbed to $9.22 billion in June 2024 from $53 million in June 2023, according to data cited by a16z crypto, a jump of more than 170-fold. The total covers all on-chain activity linked to tokenized stocks, including trading, wallet transfers and collateral deposits in DeFi (blockchain-based financial services) protocols. The figures point to rapidly expanding use of blockchain-based representations of equities across market activity beyond simple spot trading.