Tokenized equities market share has tripled to 15% of the broader market, reaching $2.8B in total market cap, with Ondo, Binance, and xStocks leading growth.
RWA & Tokenization ·
The tokenized equities market has expanded significantly, with market share reaching 15% and tripling since the start of the year. The total market capitalization stands at approximately $2.8 billion, driven by growth from platforms including Ondo, Binance, and xStocks.
The expansion reflects increasing adoption of tokenized stock offerings, which allow investors to hold fractional or full shares of equities on blockchain networks. This mechanism eliminates certain traditional settlement and custody barriers while enabling 24/7 trading outside conventional market hours. The platforms leading this growth have captured the majority of issuance and trading volume.
Several questions remain unaddressed: the breakdown of market share among the named leaders, the composition of assets being tokenized, and whether this growth trajectory reflects new capital entering the space or migration from traditional equity platforms. Regulatory clarity on tokenized securities in major jurisdictions also remains evolving.