Transfer volume surges over 170 times, with monthly tokenized stock transfers reaching $9.22 billion in June

Odaily reports that a16z crypto stated this June, the monthly transfer volume of tokenized stocks reached $9.22 billion, representing an increase of over 170 times compared to the $53 million recorded in June of last year. This metric measures all on-chain related activities, including trading, wallet-to-wallet transfers, and the deposit of collateral into DeFi protocols.

a16z crypto noted that compared to the traditional stock market, which sees trillions of dollars in monthly trading volume, the tokenized stock market remains relatively small. However, an increasing number of issuers and platforms are launching tokenized stocks.