Bitget Tokenized Stocks (rToken) Surpass $100 Million Mark in Five Weeks: Market Analysis
Bitget exchange's rToken tokenized stock product has surpassed the $100 million mark in assets under management just five weeks after its launch. This rapid growth reflects a general market trend — the tokenized securities segment has moved from the experimental stage to an active scaling phase.
SpaceX as the main driver
The key factor in attracting liquidity has been interest in tokenized SpaceX shares (rSPCX). This security accounts for 23.51% of all platform assets — the largest position among all digitized instruments. In second place is rCSCO (17.75%), and rounding out the top three is rNVDA with a 13.38% share.
The total trading volume of rToken since June 2 has reached $671.37 million. The average daily turnover is $19.75 million, with a daily peak recorded at $56.16 million. The surge in interest coincided with a general rise in the entire tokenized stock market: according to industry analysts, in June their monthly turnover reached $3.4 billion for the first time, showing a 279% increase month-over-month and a 1400% increase year-over-year.
Trading intensifies, but the number of active addresses declines
According to RWA.xyz, the total market capitalization of the tokenized stock segment is approximately $1.82 billion, up 26% over the past 30 days. Monthly transaction volume reached $8.79 billion — 88% higher than a year ago. The number of holders increased by 16% to 414,000.
However, a curious divergence is observed: the number of active addresses over the same period decreased by approximately 75%. This suggests that growth is driven not so much by an influx of new retail users, but by the concentration of capital among institutional and large private investors who trade more actively.
My analysis shows that the tokenized stock market is entering a maturity phase: the infrastructure allows trading shares of traditional companies around the clock and outside standard exchange sessions, attracting capital seeking flexibility. However, the decline in the number of active addresses amid rising volumes is a classic sign of a transition from retail hype to institutional consolidation. This is a positive signal for the long-term sustainability of the segment, but it requires retail traders to adopt a more conscious approach to risk management.