The tokenization boom is picking up speed, with the total market capitalization of tokenized assets now above $337.8 billion. That figure covers stablecoins, stocks, funds, and commodities.
Tokenized stocks are growing faster than the rest of the market, with their capitalization rising nearly tenfold over the past year, from $485 million to $4.82 billion at the time of writing.
Roughly six months ago, that capitalization stood at $1.50 billion, climbing to $2.86 billion three months later. This suggests more traditional assets are being moved on-chain. IPOs of major companies such as SpaceX and Anthropic going live on-chain have reportedly contributed to this rapid rise.
All stocks are equity, but not all equity is stock, and the broader data shows growth across the board. The total circulating supply of on-chain tokenized equities rose by $932 million, a 25% increase, in the past week alone.
The total capitalization comes from 15,304 assets issued by 400 issuers across 50 chains. Holders have also grown past 325.5 million, according to Token Terminal.
Amid the U.S. mid-term elections, trading volumes of tokenized equities hit a record, especially now that trading has been open 24/7. In fact, 62% of this volume was traded outside market hours, underscoring the appeal of moving on-chain.
Institutions are moving quickly to tokenize global assets and funds, with Ondo Finance [$ONDO] and Solana [SOL] at the forefront of the tokenization boom.
Can $ONDO help tokenized markets move beyond early demand?
For instance, BlackRock’s iShares 0-1 Year Treasury Bond ETF [SHVon], offered by Ondo Finance on Solana, is now worth over $423 million, a 64.39% increase over the past 30 days.
The product held $8.325 million in capital just three months ago, and SHVon attracted $88.20 million in net inflows over the past week.
However, SHVon is trailing other tokenized treasuries on returns, at -0.02% compared with an average of 1.13%. Since inception, only two months have been positive, while the other three have been negative.
Still, $ONDO could help tokenized markets move beyond early demand. Investor demand for U.S. ETFs is growing, with they attracting $201 billion in inflows last month, the second-largest monthly intake on record.
On other trading platforms on Solana, Jupiter reported a 60% month-over-month (MoM) rise in the number of tokenized equity traders, while volumes grew by more than 24%.
The tokenization boom may therefore still be in its early stages, and $ONDO is positioned to become one of the largest platforms for the job. Ondo has reportedly tokenized over 430 U.S. stocks and ETFs worth over $900 million, with 565K holders.
Final Summary
- The tokenization supercycle may have been confirmed as tokenized stocks grow by nearly 10x in a year.
- BlackRock’s iShares 0-1 Year Treasury Bond ETF, offered by Ondo Finance on Solana grew by 64% in the past 30 days.
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