Cryptocurrency market sees surge in tokenized stocks and onchain trading

onchain trading: Onchain trading refers to transactions executed or recorded on blockchain networks, including trading in tokenized securities. The segment is expanding across numerous venues and blockchains, supported by growing investor interest and a temporary U.S. regulatory framework for certain tokenized-stock markets. tokenized stocks: Tokenized stocks are blockchain-based representations of equity exposure that can be traded through digital-asset venues. They are central to the reported surge in speculative activity, with tokenized stocks and exchange-traded funds recording more than $37 billion in onchain trading volume during the third quarter. cryptocurrency market: The cryptocurrency market is a broad ecosystem of digital assets and blockchain-based financial activity. In the reported development, newer segments such as tokenized equities and onchain trading are attracting activity even as broader crypto-market conditions weaken. Adoption: Tokenized equity trading reached a record level in September, with Robinhood identified as the leading venue in recent market-structure data. Regulation: The SEC authorized a temporary framework allowing qualifying venues to facilitate secondary trading of certain tokenized national-market-system stocks through permissioned automated market makers and liquidity pools. Market activity: Tokenized stocks and exchange-traded funds saw onchain trading volume grow sharply during the third quarter, despite weakness in the broader cryptocurrency market.