Tokenized stocks reach record $2.3B market cap as adoption grows
Stocks
The tokenized stock market reached a record $2.3 billion market capitalization by mid-July 2026, marking a significant expansion from $1 billion in March 2026. Ondo Finance currently leads the sector with $955 million in onchain equities, followed by Kraken’s xStocks at $507 million and Binance’s bStocks at $334 million. Ethereum remains the dominant blockchain for these assets with a 34% market share, while BNB Chain and Solana follow with 30% and 23% respectively. This growth highlights a shift toward 24/7 global equity access, further supported by initiatives like the NYSE partnership with Securitize. Tokenized stocks now account for 5.5% of the total RWA market, benefiting from increased utility through DeFi integrations such as collateralization and lending. While liquidity is scaling, structural differences in custody and redemption models across issuers continue to define the risk landscape for investors. The rapid adoption of these assets demonstrates a growing demand for fractional ownership and the removal of traditional market hour constraints.
Key points
- ▸Tokenized stock market cap hit $2.3 billion in July 2026.
- ▸Ondo Finance leads with $955 million in onchain equity assets.
- ▸Ethereum holds 34% market share, followed by BNB Chain and Solana.
- ▸Kraken’s xStocks achieved $25 billion in cumulative trading volume within eight months.
Background
Ondo Finance is a financial protocol that bridges traditional assets with decentralized finance by issuing tokenized versions of securities. These tokens allow investors to gain exposure to real-world assets on-chain, enabling them to be utilized within various DeFi applications for yield generation or collateral.
Relevance
8.5/10