Tokenized stocks market grew 63.7% in Q3 to $3.17B, with BNB Chain doubling its share to 33.6% and overtaking Ethereum.
RWA & Tokenization ·
The tokenized stocks market expanded sharply in the third quarter, with its total distributed value reaching $3.17B, a 63.7% increase from $1.96B in the prior period, according to RWA_xyz data. BNB Chain emerged as the dominant chain for this asset class, doubling its holdings to $1.07B and capturing 33.6% of the market, surpassing Ethereum in the process.
Ethereum's position in tokenized stocks remained flat in absolute value but its market share contracted to 21.7% as other chains gained ground. The shift reflects a broader reshuffling of liquidity across blockchain networks in the real-world asset segment, with BNB Chain's infrastructure attracting a growing portion of new tokenized stock issuance and trading activity.
The dynamics driving BNB Chain's rapid growth in this category and whether the expansion is concentrated among a small number of issuers or distributed across multiple projects remain unclear from the available data.