Swiss Web3 software platform Enso has launched a real-world asset application (RWA), offering access to over 500 tokenized assets through integration with xStocks, Ondo Finance and Anchorage Digital’s Porto.

With Enso’s execution layer, users can access tokenized stocks, ETFs, treasuries, commodities, and stablecoins. Ondo will provide tokenized stocks, treasury products and capital markets infrastructure, while xStocks will provide access to tokenized stocks and ETFs, according to a Monday announcement shared with Cointelegraph.

Available assets include major US companies such as Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Tesla and SpaceX.

Enso said that wrapping these assets in a unified distribution and execution layer will simplify access to tokenized assets in multiple places and improve the user experience.

The launch adds Enso to a growing field of European crypto companies that are expanding into tokenized conventional assets. Earlier this year, Austria’s Bitpanda expanded its offering to around 10,000 stocks and ETFs, while a number of European digital asset companies moved to capitalize on growing demand for tokenized securities.

Enso expands access to tokenized assets. source: Enso

Tokenized US stocks have attracted significant demand from non-US investors, particularly from Europe, Enso co-founder and CEO Connor Howe told Cointelegraph:

Demand is concentrated in two places: tokenized access to US markets, with 24/7 trading that conventional platforms cannot cope with, and profitable dollar assets.”

The number of holders of tokenized assets grows by 13% in the face of growing demand

The launch comes amid growing demand for tokenized assets. According to the data, the number of holders of tokenized assets increased by 13.4% in the last 30 days to 930,612 data from RWA.xyz. However, the total value of tokenized assets decreased by 0.9% over the same period.

Total on-chain RWA, all-time chart. Source: RWA.xyz

The largest category of tokenized assets was U.S. Treasury debt with onchain value of $15 billion, followed by tokenized commodities with $4.6 billion and asset-backed loans with $2.2 billion. Tokenized stocks had a total on-chain value of $1.6 billion, ranking fifth among the tokenized asset categories.

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The total value of tokenized stocks crossed $1 billion in the supply chain for the first time on March 10, when Ondo accounted for about 58% of the market and xStocks about 24%.

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