The number of tokenized stock holders has nearly doubled in the past month, reaching 752,000 across five major platforms. Robinhood has been the main force behind this growth, attracting 328,000 holders and capturing 44% of the market share since launching its latest tokenized stock product on July 1.
Rapid Increase in Tokenized Stock Adoption
Data from DWF Labs reveals a 92% increase in tokenized equity holders over the last 30 days. Robinhood’s rollout of its public Layer 2 network and stock tokens contributed significantly to this surge. Despite leading in user count, the platform’s total assets under management are just $44 million, indicating that most users hold relatively small positions, averaging around $134 each.
In contrast, platforms like Ondo and xStocks show much higher asset values, with Ondo leading at $857 million and xStocks holding $487 million. Securitize, while smaller in holder numbers with 50 users, manages $245 million in assets, averaging about $4.9 million per holder. This suggests a clear divide between retail investors on Robinhood and more substantial institutional investors on the other platforms.
Robinhood’s Retail Appeal vs. Asset Value Gap
Robinhood’s tokenized stocks are accessible through Robinhood Wallet in over 120 countries, offering around-the-clock trading and integration with decentralized finance applications like lending pools and collateral markets. This accessibility boosts its retail appeal, drawing a wide audience but with modest investment sizes.
The platform’s growth contrasts with its asset value compared to competitors. Ondo remains dominant by assets, highlighting the ongoing institutional interest in tokenized securities. Meanwhile, US transfer-agent groups are pressing the SEC to focus more on issuer-backed tokenized securities, which could influence how these platforms evolve.
Activity on Robinhood’s Layer 2 network continues to expand, with tokenized real-world assets recently approaching $70 million. This momentum shows the growing interest in fractionalized, blockchain-based equity ownership, even if larger investors remain concentrated on other platforms.
