Tokenized stock trading takes off overseas as Goldman, other U.S. companies object

Trading in so-called tokenized stocks is gaining momentum in international markets, even as major U.S. companies are pushing back against efforts to introduce them domestically. Trading activity around blockchain-based versions of traditional financial assets including equities is growing, according to the latest quarterly staking report by Bitwise Asset Management, published Tuesday. On Robinhood Chain, the brokerage firm's newly launched network for users and AI agents to trade various assets onchain, tokenized stocks volume surged from $526 million in July to $2.21 billion in August, then rocketed to $11.31 billion in September. In the same quarter, non-crypto markets made up 36.5% of Hyperliquid's perpetuals volume, up from 32.