Tokenized equities hit a record $3.57 billion daily trading volume as SEC policy shifts boosted momentum.
TokenizedEquities recorded an all-time high daily trading volume of $3.57 billion on May 19, according to data from The Block, continuing a trend of climbing weekly volumes that built through April.
The bulk of activity was concentrated on two platforms: Binance, the world's largest centralized crypto exchange, and Hyperliquid, the on-chain derivatives venue. Kraken's xStocks, Ondo, and Bitget also contributed to pushing cumulative on-chain equities volumes into the billions.
The milestone coincided with a Bloomberg report that the US Securities and Exchange Commission is developing guidelines and an innovation exemption for the on-chain equities ecosystem. The exemption would allow traditional institutions to experiment with blockchain technology without completing a full securities registration process.
Previously, SEC officials had indicated that tokenized securities issuers would be required to follow the existing regulatory rulebook. The shift marks a notable change in the agency's stance toward on-chain financial products. Organizations such as the DTCC and NYSE are already working on infrastructure to support on-chain equities.
While tokenized equities have gained traction, tokenized commodities have seen limited uptake. Most activity in that segment targets gold, silver, and oil, which see occasional spikes in interest, according to The Block's data.
The growth in RWA trading volume reflects accelerating institutional interest in on-chain representations of traditional financial instruments, as both platforms and regulators move toward clearer operational frameworks.
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