🚀 RWA Intelligence Bureau Global EP06 What happens to ownership, liquidity, and global stock access in the era of tokenized equities — especially after the SpaceX IPO? Powered by @CupowerRWA / @CDC_Club / @AurellixFinance 🗓 23rd June | 20:00 SGT Host: @CryptoUnaa Guests: @fiducia_trust , @ZeroSpaceWeb3, @AXClabs_CN , @JacobZeng888, @Audrey_SFI #TokenizedEquities# #SpaceX# #Web3# #RWATokenization# Join us for a deep dive into the next layer of RWA and on-chain equity markets.

Tokenized Equities Adoption Accelerates on Multiple Chains The global number of unique tokenized stock holders rose from 552K to 973K in July, which is an increase of roughly 76% in just three weeks. In less than one month after launch, @RobinhoodCrypto Chain emerged as the largest ecosystem with 338K holders. The sharp increase in the second half of July shows that tokenized equities are becoming an integral part of the modern crypto market.

Tokenized equities are starting to fragment across RFQs, PropAMMs and CLMMs. My current view is that each market structure is likely to excel in different environments, rather than one universally replacing the others. Offchain liquidity → RFQs DeFi-native composability → PropAMMs / CLMMs Native price discovery → Order Books What am I overlooking? Poke holes in this framework.

Tokenized Equities are moving to RFQ exchanges. - Concentrated liquidity dominated early trading. - PropAMMs had a moment, reaching 50% of volume. - Now, RFQs account for the majority of volume (75%). This is due to a few reasons: 1. Equities are still priced by the underlying stock market, not by onchain-native price discovery. RFQs connect directly to that offchain liquidity more efficiently. 2. RFQ makers can hedge each trade immediately in the real stock. 3. It avoids pre-funding dozens or hundreds of thin pools (a PropAMM needs inventory and pricing infrastructure for every stock–USDC pair). 4. The new distribution channels appear to favor RFQ (xStocks, Titan, etc. ). This is not necessarily evidence that RFQ is universally better than PropAMMs. Rather, that RFQ currently fits the tokenized-equity issuance model better.

"Tokenized Stocks Are Securities": South Korea Kicks Off Tax Preparations Following @fsckorea Ruling South Korea's Financial Services Commission has officially declared that tokenized stocks are classified as traditional securities rather than virtual assets, giving @mofekorea the green light to impose immediate taxes. Dispelling widespread market assumptions that tokenized equities would remain tax-exempt until next year's crypto tax implementation, authorities plan to apply a 15.4% dividend tax and a 22% capital gains tax—mirroring existing regulations for conventional foreign stock investments. While immediate enforcement faces hurdles due to the offshore nature of these trades on platforms like @binance, the government is actively preparing to track transactions via the @OECD's Crypto-Asset Reporting Framework set to launch next year. This decisive regulatory shift comes as global demand for tokenized shares of major tech giants—ranging from $TSLA and $NVDA to local heavyweights like @Samsung and @SKhynix, with monthly transfer volumes surging 105% to hit a staggering $8.41 billion in June.

The tokenized equities race is shifting. Just a month ago, Solana led in tokenized equities spot volume. @RobinhoodCrypto's Robinhood Chain has overtaken it to become the largest chain by tokenized equities spot volume. The play is clever. On July 20, @bankrbot let anyone launch a memecoin paired against a tokenized stock instead of a stablecoin. 90+ tickers are supported: $NVDA, $TSLA, $AAPL, $SPY, and more. @0xDeployer kicked it off with $REAL/$NVDA, making $5.6M in volume on day one. @longdotxyz had already launched $AI and $SPACEHOOD paired with stock tokens days earlier, but Bankr brought the idea into the spotlight. NVDA/USDG volume jumped from under $500K to $4.5M in a day. Because the quote asset is the stock token, every swap routes through $NVDA and counts as tokenized equity spot volume. That's also why $GME, not $AAPL, is the chain's most traded tokenized equity at $26.6M/day. Robinhood didn't simply list and ask people to trade tokenized equities. It made them the liquidity layer for crypto speculation. That's a brilliant distribution hack.

The tokenized equity market is seeing unprecedented growth. There are now over 670,000 people holding tokenized equities onchain. This figure has surged +73% month-over-month and +449% year-to-date. Amid this growth, Solana now accounts for 85% of onchain tokenized equities volume. Furthermore, Jupiter's routed tokenized asset volume is up 300% year-to-date, driven by the recent increase in demand for trading outside of market hours. Over the last 30 days, ~68% of the onchain platform's volume was traded during weekends and off-hours. The market is quickly shifting to 24/7 price action.