Grayscale names three blockchains leading tokenized stock trading

Grayscale identified Robinhood Chain, BNB Chain, and Solana as handling most tokenized stock trading last week. Weekly spot volume for the sector peaked near $3 billion in early August. Tokenized stocks track listed share prices without giving buyers the shares themselves. About 5% of the tokenized equity market is used in on-chain finance. Grayscale research head Zach Pandl linked that use to investor demand for round-the-clock trading and access from anywhere. Value locked in tokenized stocks passed $110 million in late August. Grayscale cited on-chain data from Allium for that figure. Holdings in Kamino and Jupiter have grown roughly tenfold in a year. Kamino and Jupiter are Solana lending protocols. Robinhood leads tokenized stock platforms by holder count. Meme coins drive most traffic on Robinhood Chain rather than equities. Robinhood launched Robinhood Chain on Arbitrum earlier this year. US regulators have discussed an innovation exemption for tokenized securities. The exemption would allow trading under safeguards such as verified participants and compliance-ready token standards. SEC officials have argued that tokenization makes shares easier to pledge as collateral. An SEC advisory committee backed settling stock and payment in one transaction. Robinhood CEO Vlad Tenev has pressed a similar case about the US tokenized stock gap. Tokenized asset holders still have exposure rather than shares. The named chains had mixed price action on Friday. Solana traded near $101.76 and fell 3.2% on the day. BNB held around $718.84. Rulemaking is presented as necessary for tokenized stocks to become collateral.