Tokenized asset-backed credit is now the largest tokenized asset class by value at $23.7B and growing. Only 10% of it is distributed. The rest sits locked inside a single company's private channel.

Tokenized stocks are the rational way to go global for Robinhood⁣ ⁣ @Sikes_ , COO, @public on Tokenized with host @sytaylor said:⁣ ⁣ "You can't justify running separate businesses in 180 markets. It's somewhat rational."⁣ ⁣ The model reaches every market without engaging each regulator.⁣ ⁣ Listen to the latest on Tokenizedpod(dot)com

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 assets grew 267% in a year, led by gold and equities. The next generation of capital markets is taking shape onchain. We're building the infrastructure for that future.

Tokenized funds are leading RWA growth, with commodities and stocks also gaining ground. The onchain market for real-world assets is getting broader and bigger. Which category breaks out next?

Tokenized stocks, US Treasuries, and RWAs on public chains are surging past $23B+. But here’s the reality traditional finance hasn't admitted yet: No fund manager will ever build multi-billion dollar positions on a public ledger where every competitor can audit their entries, balance adjustments, and liquidation levels in real time. Institutional RWAs will only scale when the backend routing is completely unlinked.