Tokenized stock market capitalization reaches $5.5 billion, driven by the SpaceX IPO gateway and exchange expansion

Odaily Odaily Planet Daily News Data shows that the market capitalization of tokenized stocks has grown from $2.23 billion to $5.5 billion since the beginning of the year, an increase of approximately 147% in six months, making it the fourth-largest RWA asset class.

This growth reflects a rising structural demand among crypto users for stock market exposure, with an increasing number of users seeking stock-like assets through on-chain tools rather than relying on traditional brokerage accounts.

Exchanges are also accelerating the deployment of related products. Kraken and Bybit have already provided gateways for the SpaceX IPO within their platforms, allowing users to participate in investment opportunities in this high-profile private company without leaving the crypto ecosystem. Binance has also launched stock perpetual contract products for non-US users, further catering to global retail investors' demand for on-chain trading of the US stock market. (The Block)