Tokenized trading hit a record $121.0K in October, and Ondo issued three-quarters of it
In-app trading of tokenized assets reached a record $121.0K in October, up 57.5% and 35x July. Ondo-issued US stocks were $90.6K of it, and NectarFi carried 68%.
- 74.9%
- Issued by Ondo Global Markets
- $53.1K
- NVIDIA, Amazon and Alphabet
- $82.8K
- Traded through NectarFi
- 582
- Wallets trading on Grow
$90.6K, up from $28.3K in September
the three most-traded assets, all Ondo
+165% on September; 68% of the month
a record; 488 of them new
October was the third straight monthly rise and the first month above $100K. In July the same apps traded $3,419 between them.
The issuer: Ondo, by a distance
Ondo Global Markets issued $90.6K of the $121.0K, more than three times its September total. Its tokens are US stocks, and the top three assets of the month were all Ondo's: NVIDIA ($20.6K), Amazon ($17.4K) and Alphabet ($15.2K). The flow was nearly all buying. Of Amazon's $17.4K, $17.3K was buys.
The rest is spread thin. Backpack Securities ($10.5K) sells US stocks through NectarFi, led by Meta and IREN. GetEquity, the Nigerian issuer, traded $8.0K, mostly its Dangote IPO token. Grow's own yield vaults on Base came to $5.3K. xStocks, Coinbase and PreStocks follow, and PreStocks is where the pre-IPO shares sit: OpenAI ($647), Anthropic ($248) and Neuralink ($193).
The apps: NectarFi carries it, Grow brings the users
NectarFi traded $82.8K, 68% of the month, up 165%, almost all of it Ondo and Backpack stocks on Solana. Roqqu traded $25.1K of Ondo stocks across 71 different tickers, from a pooled book. Daya traded $654 of Ondo stocks on Ethereum.
Grow is the opposite shape. Its volume fell 46% to $9.8K, but a record 582 wallets traded on it, 488 of them for the first time, across 1,888 trades of about $5 each. NectarFi has the money; Grow has the users.
By chain, Solana carried 90.8% of the month and Base 8.6%.
The Nigerian listings
GetEquity's own listings have now distributed ₦32.0M onchain. Almost all of it (₦31.2M) is DPRI, its Dangote IPO token, sold on Solana through NectarFi and on Base through GetEquity and Grow; the Base sale was switched off on 27 October. The same day GetEquity listed GTCO and MTN Nigeria at ₦100M each. Its Nigerian Treasury Bills fund has distributed ₦607.5K to 30 wallets. The full ledger is on the issuance page.
What this is not
This is trading inside apps, not the size of the tokenized-asset market and not what these apps hold. Pooled books are reported separately: Luno and VALR hold tokenized stocks for their customers, and those holdings are not trades.
Method
Buy and sell notional of in-scope tokenized assets (stocks, pre-IPO shares, funds, metals and yield vaults) traded inside the apps AfriFlux tracks, read onchain for calendar October 2026 and priced at trade time. It excludes holdings in pooled books, NectarFi activity outside tokenized assets, and memecoin or crypto trading; Roqqu trades from a pooled book, so its trades count but its users are not counted as wallets.
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AfriFlux (2026). Tokenized trading hit a record $121.0K in October, and Ondo issued three-quarters of it. Published 5 November 2026. https://www.afriflux.xyz/feed/tokenized-trading-record-october
Reproducing a chart? Use this line: Source: AfriFlux — on-chain intelligence for Africa's stablecoin economy. afriflux.xyz