Tokenized equities saw record trading activity in June, driven by increased investor interest in blockchain-based SpaceX (SPCX) shares after its record-breaking IPO.
On-chain trading volume rose 145% from May, reaching $3.86 billion, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. SpaceX’s tokenized shares contributed $1.19 billion to this total, representing 31% of all tokenized equity trading for the month.
SpaceX’s $75 billion IPO, the largest in history, valued the company at approximately $1.8 trillion on a fully diluted basis. Backpack Securities’ SPCX token dominated with $1.08 billion in trading volume, followed by xStocks’ SPCXx at $852 million.
The data highlights a shift in tokenized equity demand toward newer high-profile offerings. While established names like Nvidia, Tesla, SPY, and QQQ remain actively traded, none matched SpaceX’s momentum. Backpack’s tokenized instruments totaled $1.42 billion in June, with SPCX tokens accounting for the majority of that activity.
The tokenized equity sector reached a record $1.53 billion in market capitalization in June, a 6.64% increase from May, marking the 15th consecutive month of growth, as reported.
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