Robinhood Leads Tokenized Equities in September as Volumes Hit $15.6B Record
The stablecoin market grew by 1.29% in September 2026 to reach a total capitalization of $313 billion, despite a slight decline in overall market dominance to 10.5%. Trading activity on centralized exchanges surged significantly, with stablecoin-pair volumes climbing 24.8% to exceed $1 trillion for the first time since March. Within the tokenized RWA sector, market capitalization remained stable overall, though internal allocations shifted notably toward equities and private credit. Tokenized stocks reached a record $4.87 billion in market cap, driven by a 13.7% monthly increase, while on-chain equity trading volume hit a new high of $15.6 billion. Robinhood emerged as the dominant venue for tokenized equity trading, capturing a 42% market share after a 407% volume surge. Conversely, tokenized bond and money market funds experienced an 8.1% decline to $17.3 billion, reflecting a broader reallocation of capital within the RWA ecosystem. These trends highlight the maturing infrastructure of on-chain assets and the increasing role of retail-facing platforms in facilitating high-volume tokenized equity transactions.