Tokenized equities daily volume hits all-time high of $3.57 billion
Quick Take
- The Block’s data shows onchain equities trading volume growing since the start of the year, culminating in an all-time high on Monday.
- Binance and Hyperliquid accounted for the majority of that trading volume.
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Tokenized equities volume hit a new high on Monday, with $3.57 billion worth of total volume, according to The Block’s data. The fresh all-time high comes after a month of climbing weekly volumes in April.
A majority of the RWA trading volume is happening on two platforms, Binance, the world’s largest centralized crypto exchange, and Hyperliquid, the onchain derivatives trading venue, according to The Block’s data.
Platforms like Kraken’s xStocks, Ondo, Bitget and others have also helped drive cumulative onchain equities volumes into the billions.
Notably, on Monday, Bloomberg reported that the U.S. Securities and Exchange Commission is working on guidelines and an innovation exemption for the emerging onchain equities ecosystem. In the past, SEC executives suggested that tokenized securities issuers would follow the existing rulebook.
The agency's innovation exemption would allow traditional institutions to experiment with blockchain technology without having to comply with a full registration process. Organizations like the DTCC and NYSE are already working on infrastructure to support onchain equities.
While tokenized equities have seen notable growth this year, tokenized commodities trading has seen minimal uptake, with most of the activity targeting gold, silver and oil, which sometimes see spikes in interest, according to The Block’s data.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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