Trading in tokenized stocks is expanding rapidly internationally, particularly on Robinhood Chain, where volumes rose from $526 million in July to $11.31 billion in September. On Hyperliquid, non-crypto markets accounted for 36.5% of perpetual futures volume in the third quarter, while tokenized equities were the fastest-growing category on Solana. However, 16 companies, including Goldman Sachs, Microsoft, Qualcomm, Caterpillar, McDonald’s, Western Digital and Alphabet, have refused to allow tokenized versions of their shares to trade on OKXICE. The objections came after the platform launched more than 60 tokenized stocks and as the SEC opened a temporary pathway for such products in the United States, subject to issuers’ right to withdraw.
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