Tokenized stocks surpassed 3.77 million holders and now represent 82% of all onchain RWA adoption.
RWA & Tokenization ·
Tokenized stocks have reached 3.77 million holders and now represent 82% of all onchain real-world asset (RWA) adoption, according to recent analysis. This milestone underscores the growing prominence of equity tokenization within the broader RWA ecosystem, which has expanded to encompass various asset classes from commodities to fixed income. The concentration of holders in tokenized stocks suggests this particular segment has become the primary driver of onchain RWA activity.
The dominance of tokenized stocks reflects investor interest in accessing equity markets through blockchain infrastructure, potentially offering benefits such as fractional ownership and continuous settlement. However, the 82% figure also highlights that alternative RWA categories—including bonds, commodities, and other instruments—collectively account for a small share of total onchain RWA holders, raising questions about adoption barriers or market readiness in those segments. The factors determining which asset classes gain traction on-chain, and whether the current distribution reflects fundamental market demand or infrastructure constraints, remain to be seen.