The global tokenized stocks market capitalization reached a record $2.3 billion on Wednesday, driven by increasing investor demand for blockchain-based equity products. The milestone reflects growing adoption as crypto platforms integrate traditional investment products onto blockchain infrastructure, opening access to investors outside the United States. Token Terminal data shows Ethereum network commanding 34% market share, followed by BNB Chain at 30% and Solana at 23%, while major exchanges expand zero-commission trading offerings.
Ethereum Leads Network Distribution with 34% Market Share
The Ethereum network boasted the largest market share at 34%, followed by BNB Chain with 30% and the Solana network with 23%, according to data aggregator Token Terminal shared in a Wednesday X post. The largest increase came from Kraken exchange's xStocks, which accounted for $507 million worth of tokenized stocks, and Binance's bStocks with $334 million. Ondo Finance remained the largest tokenized stock issuer with $955 million in onchain equities, according to Token Terminal data.
Kraken and Binance Drive Platform Expansion
The world's largest crypto exchange, Binance, opened zero-commission trading to over 7,000 US tokenized stocks for eligible users on June 1, as part of its strategy to become a multi-asset platform. Coinbase rolled out commission-free US stock and ETF trading with 24/5 availability in December 2025. Kraken launched access to 11,000 US-listed stocks and ETFs through xStocks in April 2025 as one of the first major crypto-native platforms. The cumulative trading volume of xStocks exceeded $25 billion within about eight months of launch.
In April, crypto exchange Bitget launched a proxy offering tied to the pre-initial public offering phase of Elon Musk's aerospace manufacturing and space transportation company, SpaceX. In January, Vienna-based crypto exchange Bitpanda shared plans to expand its offering to include about 10,000 stocks and exchange-traded funds.
Tokenized RWAs Surge 589% from Early 2025 to June 2026
The market for tokenized real-world assets surged 589% from early 2025 to June 2026, led by government bonds and money market funds, according to a June report from Binance Research. Tokenized precious metals also attracted about $1.5 billion in value, rising 39% during the period. Stocks remain a small fraction of the broader tokenized RWA market, accounting for only about 5.5% of the $34 billion RWA market capitalization.
About $15 billion in tokenized US Treasury debt represents the largest segment, or 44%, of the RWA market, followed by $4.5 billion in tokenized commodities, accounting for 13%, according to data provider RWA.xyz. Tokenized stocks can provide investors with fractional ownership and around-the-clock trading.
FAQ
What is the current market capitalization of tokenized stocks?
The global market capitalization of tokenized stocks rose to a record $2.3 billion on Wednesday, with Ethereum network holding 34% market share, BNB Chain 30%, and Solana 23%.
Which platforms lead the tokenized stocks market?
Ondo Finance is the largest tokenized stock issuer with $955 million in onchain equities, followed by Kraken's xStocks at $507 million and Binance's bStocks at $334 million, according to Token Terminal data.
How do tokenized stocks fit within the broader RWA market?
Stocks represent about 5.5% of the $34 billion tokenized real-world assets market, while US Treasury debt accounts for the largest segment at $15 billion or 44%, followed by commodities at $4.5 billion or 13%.
