Tokenized Equity Holders on Solana Cross 800K
The number of tokenized stock holders on Solana have crossed the 800K mark this past week. According to data from Blockworks, there are 801,439 tokenized stock holder addresses as of September 12. At the start of the month, this was at 424,894. That is an 88% increase in less than two weeks.
Source: Blockworks
To put things into perspective on how fast this growth has been, the metric took more than a year to go past 300K addresses. Two weeks in September alone added close to 400K.
The easy explanation of this growth can be attributed to retail finding onchain equities. The mechanics point to somewhere else.
The Launchpads Are Handing Out Stock Tokens
Last week on September 9, Pump.fun shipped custom pairs. Creators can now launch a coin priced in a tokenized stock instead of SOL, and the trading fees on those coins get paid out in the stock token rather than SOL. Another launchpad, StockFun, has a similar setup.
