Tokenized versions of SPY, Google and Robinhood saw explosive growth over the past month, with SPY on Robinhood Chain surging more than 1,300% to reach a $17.4 million market cap. rGOOGL on Arbitrum gained 530.9% to $18.8 million, while MSTRb on Binance bStocks became the largest with $53.8 million. Total trading volume in tokenized stocks reached $15.9 billion, up 1,250.8%, though activity remains concentrated with three tokens accounting for 44.7% of decentralized exchange volume. The International Monetary Fund has warned that removing settlement delays reduces opportunities for banks and regulators to intervene in case of problems.
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