Transfer activity of tokenized stocks is on the rise. Monthly transfer volume for tokenized stocks reached $9.22 billion in June, up from $53 million last June — a more than 170x increase. This metric measures any onchain movements, such as trading, transfers between wallets, or collateral deposits into DeFi protocols. The market for tokenized stocks is still a small one compared to traditional equities, which trade in the double-digit trillions per month. But the trend is clear: More issuers and platforms are bringing tokenized stocks online, and the category is growing.(a16z crypto)