Bitget's rToken tokenized stock product has shown explosive growth, surpassing the $100 million mark in asset volume just five weeks after its launch. This result is a clear indication that the tokenized securities segment has moved from the pilot project stage to an active scaling phase.
SpaceX as the Main Catalyst
Since June 2, the total transaction volume of rToken has reached $671.37 million. The average daily turnover is $19.75 million, with a daily peak recorded at $56.16 million. The lion's share of interest was attracted by the tokenized exposure to SpaceX: rSPCX accounts for 23.51% of all platform assets — making it the largest digitized security. It is followed by rCSCO (17.75%) and rNVDA (13.38%).
The surge in activity coincided with a general rise in the tokenized stock market. In June, its turnover reached $3.4 billion for the first time: the figure grew by 279% over the month and by a staggering 140% over the year. Key drivers were the hype around SpaceX and the possibility of 24/7 trading, which is unavailable on traditional exchanges.
Tokenized Stock Market: Figures and Trends
According to industry aggregators, the total market volume of tokenized stocks is estimated at approximately $1.82 billion, and this figure has grown by 26% over the past 30 days. Even more impressive dynamics are observed in transaction volumes: over the month, it amounted to $8.79 billion, which is 88% more than a year ago. The number of holders also increased by 16%, reaching 414,000.
However, there is also a contradictory signal: the number of active addresses decreased by about 75% over the month, despite the growth in value and number of transactions. This may indicate a consolidation of capital among large players, rather than a mass influx of retail users.
My analysis: The growth of the tokenized stock segment is not just hype, but a fundamental shift in the accessibility of financial instruments. Traders get the opportunity to hold digital shares of stocks and trade them 24/7, which blurs the boundaries between traditional markets and DeFi. However, the decline in active addresses against the backdrop of rising volumes is a classic sign of institutional entry. Large players are coming in, while retail is still cautious. This is a normal stage of market maturation.