Tokenized equities hit $3.86B in June, and SpaceX ate 31% of the menu 🚀

Onchain tokenized-equity trading climbed 145% in June to a record $3.86 billion in monthly volume, according to CoinDesk Data's latest Stablecoins & Tokenized Assets report. Tokenized SpaceX ($SPCX) shares accounted for $1.19 billion of that total, or roughly 31% of all tokenized equity activity during the month. The surge followed SpaceX's $75 billion IPO, the largest on record, which valued the company at about $1.8 trillion on a fully diluted basis.

Backpack Securities' $SPCX token was the most-traded tokenized version of the stock, recording $1.08 billion in onchain volume, followed by xStocks' $SPCXx at $852 million. Across Backpack's full product line, tokenized instruments moved $1.42 billion in June, with $SPCX making up the bulk of that figure. Established names including Nvidia, Tesla, $SPY and $QQQ continued to trade actively but did not match the SpaceX-driven interest.

The broader tokenized-equities sector reached a record $1.53 billion market capitalization in June, up 6.64% from May and extending its streak to fifteen consecutive months of growth, the report added. Separately, AMBCrypto reported a 279% month-over-month rise in tokenized-stock trading volume to a record $3.4 billion, a 1,400% year-over-year increase, as Solana ($SOL) led equity settlement and Ethereum ($ETH) continued to anchor tokenized fund deployment across decentralized finance.

Underlying metrics reinforced the institutional tilt. Monthly transfer volume climbed 91.66% to $8.70 billion, distributed value rose 31.59% to $1.94 billion, and holders increased 15.59% to 409,240. Active addresses fell 77.18% to 49,290, indicating larger participants accounted for