The global market capitalization of tokenized stocks has reached a record $2.3 billion U.S. as a growing number of investors seek exposure to blockchain-based equities.
The Ethereum (CRYPTO: $ETH) network boasts the largest market share, at 34%, followed by the Solana (CRYPTO: $SOL) network with 23%, according to data aggregator Token Terminal
The largest increase has come from Kraken’s xStocks, which accounted for $507 million U.S. worth of tokenized stocks. Binance’s bStocks has $334 million U.S. worth of tokenized equities. More From Cryptoprowl: Ondo Finance is the largest tokenized stock issuer with $955 million U.S. of onchain equities, according to Token Terminal.
More crypto platforms are bringing traditional investment products onto blockchain rails, in many cases opening up assets to investors outside of the U.S. Tokenized stocks are digital representations of traditional shares recorded on a blockchain. Advocates say they provide investors with fractional ownership and around-the-clock trading.