Tokenized stock transfer volume rose more than 415% in the 30 days through Aug. 29 to $29.5 billion, according to RWA.xyz, while monthly active addresses increased 209% to about 1.3 million and holders rose 167% to 2.36 million. The growth in activity far outpaced the 1.45% increase in distributed value, which reached $2.54 billion but was still about 637% higher than a year earlier. Transfer volume measures value moving between blockchain addresses and can include automated transfers, collateral movements and repeated decentralized-application activity, rather than only investor purchases and sales. Coinbase launched tokenized Nvidia, Meta, Apple and Alphabet shares on Base on Aug. 24. Each token is backed one-for-one by an underlying share, but the offering is limited to eligible non-U.S. users under Regulation S (securities-offering rules for transactions outside the United States).