Bitget's rToken tokenized stock product surpassed the $100 million mark in asset volume just five weeks after its launch. This explosive growth comes amid unprecedented demand for digital securities across the industry.
Tokenization tools have moved beyond the pilot project stage and become one of the fastest-growing segments of the crypto market. Trading volumes and the value of such assets have surged sharply, and Bitget's example is the best confirmation of this.
Main driver — hype around SpaceX
According to platform data, since June 2, the total transaction volume of rToken has reached $671.37 million, with an average daily turnover of $19.75 million and a daily peak of $56.16 million. Traders were most attracted to 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 with a share of 13.38%.
This surge coincided with a rise in the entire tokenized stock market. In June, their turnover reached $3.4 billion for the first time: it grew by 279% in a month and by 1400% year-over-year. Key reasons include the hype around SpaceX and the ability to trade such assets 24/7, without being tied to traditional exchange sessions.
Tokenized stock trading intensifies
The tokenized stock market, according to RWA.xyz, has reached approximately $1.82 billion. Over the past 30 days, this figure has grown by 26%. Trading activity is increasing at an even faster pace: monthly transaction volume amounted to $8.79 billion — 88% more than a year ago. The number of holders also increased by 16%, to 414,000.
At the same time, user dynamics appear contradictory: the number of active addresses decreased by approximately 75% over the month, despite the growth in value and number of transactions. This indicates capital consolidation among large players, rather than a mass influx of retail traders.
Such growth confirms broader access to equity instruments through blockchain. Traders can hold digital shares and trade them outside standard sessions, opening new horizons for liquidity and flexibility.
My analysis: The explosive success of rToken is not just a successful launch, but a signal of the maturity of the real-world asset (RWA) market. Tokenization of shares in major companies like SpaceX and NVIDIA blurs the lines between traditional finance and DeFi. However, the decline in active addresses amid volume growth is concerning: it may indicate that the market is driven by institutional money rather than a broad audience. If this trend continues, we can expect consolidation rather than democratization of access.