Tokenized stocks see record holder growth in August

The number of tokenized stock holders experienced record growth in August, with 928,400 new holders added. This represents a 120% increase compared to the approximately 771,000 holders recorded in July.

BNB Chain and Robinhood Chain are the primary drivers of this expansion, accounting for approximately 73% of total holders. Specifically, BNB Chain recorded 730,000 holders, while Robinhood Chain reached 518,800.

Binance’s bStocks saw significant momentum, growing from 52,900 holders in July to 464,700 in August, overtaking xStocks. This surge is attributed to Binance waiving maker fees on all bStocks trading pairs and an aggressive expansion of listings. Simultaneously, Robinhood Chain expanded its offerings by launching 100 additional stock tokens, bringing its total to over 190.