The Security Token Group (STG), which is focused on “reinventing” capital markets with blockchain-based security tokens, reveals that security token trading volume, as tracked by stomarket.com, reached almost $22 million during August 2020.
STG noted that last month’s volume comes close to an average of $1 million in trading per day. They pointed out that in January 2020, there was a total of $194,000 in security token trading for the whole month, meaning the market has grown an impressive 11,235% since the begiining of this year.
Total security token trading volume for August 2020 was up 163.24% when compared to the previous month. Meanwhile, aggregate market cap increased by 18.15% and the overall or total return of all 20 live-trading tokens on stomarket.com “posted a negative return of -7.18%.”
As probably expected, the top performer for August was tZERO (TZROP: tZERO), which gained 48.58%. AspenCoin (ASPD: tZERO), another leading performer, was up 6.61%.
Some of the worst performers for the month of August were Lottery.com (LDCC: OpenFinance): -44.44%; Protos (PRTS: OpenFinance): -31.03%; and 9943 Marlowe St (Marlowe: Uniswap): -24.90%.
The Security Token Group noted that they’ve now added a new security token, so there are 21 tokens listed, with live-trading data that’s updated every hour through API integrations. The new token comes from tZERO, and it’s reportedly the first third-party security token listed on stomarket.com.
As mentioned in the report, the total security token market cap stands at over $486 million. (Note: for a more detailed market breakdown, check here.)
As covered recently, the team at Security Token Advisors revealed that there are now more than 15 countries that have defined regulatory standards for blockchain-enabled security tokens.
iFinex, the parent companby of Bitfinex, has invested around $1 million in the Dusk Network, a security token exchange.
Kyle Sonlin, the founding partner at the Security Token Group and the CEO at Security Token Market (STM), confirmed last month that investors are not scared of investing in security tokens. He had also discussed various arbitrage opportunities.