Tokenized Stock Trading Jumped 288% in July. One Product Created Most of the Boom

By Isaac • August 2, 2026 5:55 pm •

Tokenized stocks just posted the kind of number that can make an emerging market look unstoppable.

Trading volume surged 288% in July to a record $11.3 billion.

But almost the entire boom came from one product on one exchange.

QQQB, a Binance-listed token tied to the Invesco QQQ exchange-traded fund, generated approximately $9.27 billion in July volume. That was about 82% of every dollar traded across the tokenized-stock market.

Take QQQB away and the record disappears. The rest of the market produced only about $2.03 billion, roughly 30% below June’s estimated $2.91 billion total.

The headline number was real. The broad-based growth it appeared to represent was not.

CoinDesk, citing its data division’s July tokenized-assets report,