New report finds that rapid expansion of tokenization is giving rise to new styles of investing
A new report from data analytics platform Dune reveals that the tokenized real-world asset market has surpassed $34 billion in total supply as of 2026. While Wall Street initially viewed tokenization as a way to replicate legacy products, on-chain investors are instead building a 24/7 financial system that prioritizes individual stock trading and decentralized lending. Tokenized stocks have experienced explosive growth, rising over 2,000% with active holders exceeding one million. Data indicates that individual equities now account for 81% of tokenized stock holdings, contrasting with the traditional finance preference for passive index-based ETFs. Furthermore, the report highlights a shift in collateral usage, where tokenized private credit dominates decentralized lending platforms over traditional Treasury-backed assets. Major institutions like Franklin Templeton, BlackRock, and Nasdaq are actively participating in this ecosystem, while the SEC has begun allowing limited testing for blockchain-based equity trading. This divergence in trading behavior suggests that tokenization is fostering a unique market architecture that fundamentally differs from traditional financial norms.
