Tokenized stock market hits 752K users as retail demand surges

Robinhood’s rapid ascent, triggered by its July 1 launch, brought 328,000 new holders to the ecosystem. Despite this volume, the brokerage holds only $44 million in assets, reflecting an average position of roughly $134 per user. This contrasts sharply with platforms like Securitize, which manages $245 million across just 50 holders, or Figure, where average balances exceed $1 million. These figures, provided by DWF Labs, highlight a widening gap between mass-market retail adoption and high-net-worth institutional participation.

Ondo currently leads the sector with $857 million in tokenized equities, while xStocks follows with $487 million. These platforms offer broad exposure to global markets, though their products often function as synthetic derivatives rather than direct ownership of underlying shares. As platforms expand into new regions—such as xStocks’ partnership with GTN to target Hong Kong and European equities—the regulatory landscape remains a critical hurdle. US transfer agents are currently lobbying the SEC to differentiate between issuer-backed securities and third-party tokens, a move that could reshape how these assets are structured and traded domestically.