Holders of distributed tokenized assets reached a record 3.67 million in September, with tokenized stocks accounting for 2.96 million, or 80.58% of the total, according to RWA.xyz. Commodities ranked second with roughly 332,000 holders, followed by asset-backed credit at about 91,000 and active strategies at approximately 81,000. US Treasury debt had close to 73,000 holders, while real estate had about 15,000 and venture capital fewer than 1,500. Tokenized stocks now span 5,246 assets worth $2.89 billion, up 14.03% in 30 days. Across all tokenized assets, represented asset value reached $386.92 billion, up 3.63%, while distributed value rose 1.54% to $39.15 billion. The expansion in ownership has not translated into greater trading activity: tokenized stockholders increased 159.31% in 30 days, but transfer volume fell 50.96% to $13.14 billion and monthly active addresses declined 48.36% to 760,339. Real-world asset perpetual volume also fell 13.5% to $122 billion in August from July's record $141 billion. Ondo led platforms by value at $860 million, ahead of xStocks at $631.2 million and bStocks at $627.5 million. Robinhood held $133.2 million across 189 assets, while its chief executive pushed for US access to tokenized equities. The milestone follows previously reported holder growth of 109% over 30 days and 2,500% since May 2025.