The total market capitalization of tokenized stocks has risen to $1.2 billion, a record high.
TL;DR
The market cap of tokenized stocks hit a record $1.2 billion, driven by growth in September and December. Analysts compare it to stablecoins in 2020, noting early-stage potential for global on-chain stocks with benefits like faster settlement and 24/7 trading.
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PANews reported on December 30th that, according to Cointelegraph, the total market capitalization of tokenized stocks has climbed to a record $1.2 billion, driven by strong growth in September and December, according to data from Token Terminal. Token Terminal stated, "Tokenized stocks today are like stablecoins in 2020," highlighting that the market is still in its early stages. In 2020, stablecoins were still in their infancy, but this year they have grown into a $300 billion industry. Other industry insiders have likened tokenized stocks to the DeFi boom of early 2020, pointing to the potential for more global stocks to be on-chain, benefiting from faster settlement speeds, 24/7 trading, and divisible ownership.