According to data released by a16z Crypto, the market value of tokenized stocks reached approximately $1.7 billion at the end of June, a more than fivefold increase from $329 million a year ago, making it one of the fastest-growing categories of tokenized assets. The market value of tokenized stocks is affected by new issuances and fluctuations in underlying asset prices. The growth mainly comes from the expansion of issuance volume, with over half of the market value coming from assets that were not yet on chain a year ago, and most of the new balances reaching mid year.