Tokenized stocks saw record daily trading volume, reaching $3.57 billion.

CoinFeed reported on May 20th that, according to data from The Block, daily trading volume of tokenized stocks reached a record high of $3.57 billion on Monday. The majority of the trading volume occurred on Binance and Hyperliquid platforms. Platforms such as Kraken's xStocks, Ondo, and Bitget also contributed to the cumulative on-chain stock trading volume reaching billions of dollars. Notably, Bloomberg reported on Monday that the U.S. SEC is developing guidelines and innovation exemptions for the emerging on-chain stock ecosystem.