Robinhood’s tokenized stock launch fuels 20% holder surge, Centrifuge says

Robinhood’s tokenized stock launch fuels 20% holder surge, Centrifuge says

The brokerage's tokenized stock launch is pulling six-figure user numbers as the race to put equities on-chain heats up

Tokenized assets gained more than 200,000 new holders over the past week, representing approximately 20% growth, according to RWA.xyz data shared by Centrifuge. The jump follows Robinhood’s rollout of tokenized stocks earlier this month.

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Between July 17 and July 24, the number of tokenized asset holders surpassed 1 million. Data also shows that the value of tokenized real-world assets climbed to about $36.6 billion between July 17 and July 24, representing a 5.5% increase. 

During the period, the stablecoin market grew to nearly $300 billion with approximately 274 million holders.

Tokenized stock offerings are part of Robinhood’s major global expansion strategy. The company also unveiled the public mainnet of Robinhood Chain, introduced decentralized lending, and launched perpetual futures trading through Robinhood Wallet.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Robinhood’s tokenized stock launch fuels 20% holder surge, Centrifuge says

Robinhood’s tokenized stock launch fuels 20% holder surge, Centrifuge says

The brokerage's tokenized stock launch is pulling six-figure user numbers as the race to put equities on-chain heats up

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Tokenized assets gained more than 200,000 new holders over the past week, representing approximately 20% growth, according to RWA.xyz data shared by Centrifuge. The jump follows Robinhood’s rollout of tokenized stocks earlier this month.

Advertisement

Between July 17 and July 24, the number of tokenized asset holders surpassed 1 million. Data also shows that the value of tokenized real-world assets climbed to about $36.6 billion between July 17 and July 24, representing a 5.5% increase. 

During the period, the stablecoin market grew to nearly $300 billion with approximately 274 million holders.

Tokenized stock offerings are part of Robinhood’s major global expansion strategy. The company also unveiled the public mainnet of Robinhood Chain, introduced decentralized lending, and launched perpetual futures trading through Robinhood Wallet.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.