Growing Over 5-Fold, Tokenized Stock Market Cap Reaches Approximately $1.7 Billion by End of June

Odaily reports that a16z states the market cap of tokenized stocks reached approximately $1.7 billion by the end of June, growing over five times from $329 million a year ago, making it one of the fastest-growing categories among tokenized assets. Unlike stablecoins, the market cap of tokenized stocks is influenced by both new issuance and price fluctuations of the underlying assets. However, data shows that growth is primarily driven by issuance expansion, with over half of the market cap coming from assets that were not yet on-chain a year ago. Moreover, most of the new balance arrived mid-year, by which time most of the price changes in the underlying stocks had already occurred.