Tokenized stock activity accelerated over the latest 30-day period, with transfer volume rising more than 415% to $29.5 billion, according to RWA.xyz. Monthly active addresses increased more than 209% to about 1.3 million, while holders rose 167% to 2.36 million. Distributed value reached $2.54 billion, up 1.45% over the month and about 637% from $344 million a year earlier, showing that usage and wallet participation grew much faster than outstanding value. Ondo, Kraken's xStocks and Binance's bStocks held about 81% of distributed value, with a combined balance exceeding $2.05 billion. Coinbase added tokenized U.S. stocks to Base for eligible users outside the United States on Aug. 24, and Bitwise launched automated portfolios built from Coinbase-issued assets the following day. Bybit added tokenized shares as margin collateral in July, while Robinhood-backed Arcus introduced more than 95 stock tokens and perpetual markets. The expansion brings self-custody and DeFi functionality but also exposes users to custody, smart-contract, oracle, liquidity, liquidation and issuer-specific risks.