Tokenized stock market climbs to $2.3 billion in mid-July
Tech & Launches ·
On-chain equities market value nearly doubled since March, with AI and chip-linked tokens accounting for most of the shift, according to a16zcrypto.
The tokenized stock segment reached a $2.3 billion market cap in mid-July, up sharply from levels recorded earlier in the year. Within that total, tokens tied to AI and semiconductor companies expanded to 15.5% of the market, compared with just 0.3% share a year prior, marking one of the more pronounced shifts in composition across the category.
Several institutional moves have coincided with the expansion. DTCC has begun processing production transactions tied to tokenized assets, while Robinhood has stood up its own blockchain infrastructure to support on-chain trading products. NYSE's parent company has also entered a partnership with OKX aimed at bringing tokenized versions of NYSE-listed stocks to users, pending regulatory clearance.
The trend fits into a broader pattern of growth already visible earlier in the year. A separate reading of the market showed tokenized stocks at a $1.7 billion valuation with year-over-year growth of roughly five times, underscoring that the mid-July figures represent a continuation of momentum rather than an isolated spike.
The pace of change points to institutions treating on-chain equities as more than an experimental niche, with infrastructure providers, exchanges, and brokerages all building parallel rails for tokenized trading within a short window of time. The concentration of growth in AI and chip-related tokens suggests investor and issuer interest is clustering around sectors already drawing outsized attention in traditional markets.
What remains unclear is how durable this growth will be once new infrastructure, including DTCC's planned broader tokenization rollout, moves from limited production activity to full-scale operation. It is also not yet established whether the AI and chip share of the market will continue to expand at the same rate or whether other sectors will begin to capture a larger portion of new tokenized issuance in the months ahead.