Tokenized stock holders jump by 928,000 in August to record high

The number of holders trading tokenized stocks, which convert real-world shares into blockchain-based tokens, surged by more than 928,000 in August, up about 120% from the previous month, Cryptopolitan reported. The gain meant more investors entered the market in a single month than over the entire prior period combined. BNB Chain and Robinhood Chain led the growth, accounting for about 73% of total holders. The surge came amid Binance’s zero-fee promotion and Robinhood’s listing of more than 100 new stock tokens. Still, the tally is based on individual wallet addresses rather than actual users, raising the possibility of distortion, as fee waivers and reward events may have prompted a single user to create multiple wallets. The market’s real test is likely to come after October, when the no-fee benefit ends, to see whether actual capital remains in place.