According to Wu, a16z crypto revealed that as of the end of June, the market cap of tokenized stocks was approximately $1.7 billion, a more than 5x increase from $329 million a year ago. Since the prices of tokenized stocks fluctuate with their underlying stocks, the market cap growth is influenced by both new issuances and price increases, making it less straightforward to reflect demand compared to stablecoin supply. However, over half of the current market cap comes from assets that were not on-chain a year ago, and most of the remaining balance only appeared after mid-year, indicating that the growth is primarily driven by new issuances. https://(wublock123.com)/news/a16z-crypto-tokenized-stocks-market-cap-up-5x-yearly-64968