Security-token trading volume in September halves to $9.15 million

Trading volume of security tokens for 24 projects tracked by Security Token Markets amounted to $9.15 million in September. After rising for the previous four months from $1 million to $22 million, this figure declined by 58.5%.

The Security Token Market Report: September 2020 has been published! 📝🚀

A maturing market that shows consistent valuations but slowing trading volume growth.

MARKET CAP up +3.80%
VOLUME down -58.35%

Breakdown thread below 👇https://t.co/d6uOhGcFfI

— Security Token Market 🖼🏎🏢 (@STOmarket) October 5, 2020

September, at $9.15 million, was the second-highest month on record for security-token trading.

Dynamics of security-token trading volumes. Source: Security Token Markets.

Of this amount, $5.3 million went to the TZROP token of tZERO, reflecting investments in the equity of the alternative trading system (ATS) tZERO. In August the figure stood at $11.8 million. The token price fell by 2.2% from $7.26 to $7.10, reducing the project’s market capitalisation to $128 million.

The OSTKO security token, which represents a digital embodiment of Overstock’s share, fell 1.5% in September to $63. Quotes fluctuated in a wide range of $48-65. OSTKO trading volume declined nearly threefold—from $9.6 million to $3.6 million. The market capitalisation stands at $321 million. By this metric, OSTKO leads the sector.

Overall market capitalisation of security tokens in September rose by 3.79%. At the time of writing this figure stood at $554.4 million.

Top-5 security tokens by market capitalisation. Source: Security Token Markets.

In September the number of tradeable assets in the sector increased by three tokens:

• MERJ-S from the Seychelles-based digital assets exchange of the same name;
• OST1, representing a stake in apartments in Brooklyn, New York;
• MSTV-S from the Minervest management company.

MERJ Digital Asset Exchange is involved in a $200 million tokenisation project for luxury-class rare cars, with the issued tokens expected to be listed on the exchange.

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