TREE NEWS reports: Tokenized asset holders rose from 1.4 million to 6.4 million between June and October 2026, a roughly 4.6x increase, with tokenized stocks driving the growth. Tokenized stock holders climbed from 502,000 to about 5.3 million, lifting their share of RWA holders from 37% to 83%. Robinhood leads issuers with a 24% share, followed by Binance bStocks at 23% and xStocks at about 1 million addresses; the three account for 63.4% combined.
Tokenized Stock Holders Top 5.3M, 83% of All RWA Holders
AI take
The striking detail is composition, not size: tokenized equities now dominate the RWA holder base, meaning retail-facing brokerage-style products rather than credit or treasury instruments are pulling in new addresses. That concentration around three issuers accounting for most of the market raises a distribution question — whether growth is broad adoption or a handful of platforms funneling existing users into a new wrapper. Whether holder counts keep compounding once the initial platform-driven surge fades, and whether issuer concentration eases, are the open questions worth tracking.
Generated by AI for reference only.
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