Stocks on a blockchain just hit a record. π
Blockworks puts the market value of tokenized equities at about $3.5 billion. That is the value of stock tokens already issued, not the trading volume.
A tokenized stock is a crypto token tied to a real share. You can move it on a blockchain, including when the regular stock market is closed. It is still small next to the actual stock market.
On September 17th, the SEC opened a five-year trial. Approved venues can trade tokenized U.S. stocks without registering as a full stock exchange, if they follow the rules. The rally was already going before that. This just makes the next step easier.
Source: Blockworks, SEC. Not financial advice.