Armstrong says all assets are going onchain as tokenized stocks hit $4.87B market cap
- —Tokenized stocks market cap hit a record $4.87 billion
- —Holders of tokenized stocks on Base rose 9,697% in a month
- —Spot trading volume in tokenized stocks was about $3 billion in the first week of the month
- —The SEC introduced 'innovation exemptions' for some tokenized US stocks
Why it matters: Growth in tokenized stocks and stablecoins intensifies competition among blockchains for institutional assets, but expansion hinges on issuer consent and SEC rules.
Source: Digital Today