Tokenized stocks now account for 82% of onchain RWA holders

Tokenized equities have emerged as the primary driver of retail participation in the real-world asset (RWA) market, accounting for approximately 82.9% of all onchain RWA holders by late October 2026. According to data from The Block Research, the number of tokenized stock holders surged from 3.77 million in September to 5.3 million by late October. Despite this massive user base, the total value of these assets peaked at $3.15 billion in September, representing only a small fraction of the $39.3 billion total onchain RWA market. This discrepancy highlights a clear bifurcation in the sector, where tokenized stocks dominate in terms of reach and retail adoption, while other RWA categories capture the majority of institutional capital. Major platforms such as Binance’s bStocks, Robinhood, and Kraken-associated xStocks are identified as the primary engines behind this growth. Distribution is heavily concentrated across the BNB Chain, Solana, and Robinhood Chain networks. The data suggests that while tokenized stocks are not the largest asset class by value, they are essential for onboarding retail users into the broader RWA ecosystem. Monitoring whether this high holder share persists as the total RWA market expands will be critical for understanding long-term adoption trends.