Tokenized Stocks Surge to $2.3B Record as Exchanges Expand Access

Woofun AI reports that the global market capitalization of tokenized stocks reached a record $2.3 billion on Wednesday, reflecting heightened investor demand for blockchain-based equity products. According to data aggregator Token Terminal, the Ethereum network commanded the largest market share at 34%, followed by BNB Chain with 30% and the Solana network with 23%.

Issuance leadership is dominated by Ondo Finance, which holds $955 million in onchain equities, making it the largest tokenized stock issuer. Kraken exchange’s xStocks contributed $507 million to the total, while Binance’s bStocks accounted for $334 million, highlighting the significant role of major crypto platforms in this asset class.

Woofun AI data shows that strategic expansions are accelerating across the sector. Binance enabled zero-commission trading for over 7,000 US tokenized stocks for eligible users on June 1, aligning with its multi-asset platform strategy. Coinbase introduced commission-free US stock and ETF trading with 24/5 availability in December 2025. In April, Bitget launched a proxy offering tied to the pre-initial public offering (IPO) phase of Elon Musk’s aerospace manufacturing and space transportation company, SpaceX. Vienna-based Bitpanda announced plans in January to expand its offering to include about 10,000 stocks and exchange-traded funds (ETFs). Kraken provided access to 11,000 US-listed stocks and ETFs through xStocks in April 2025, with cumulative trading volume exceeding $25 billion within about eight months of launch.

The broader tokenized real-world assets (RWAs) market surged 589% from early 2025 to June 2026, led by government bonds and money market funds, according to Binance Research. Tokenized precious metals attracted about $1.5 billion in value, rising 39% during the period.

However, 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.

This shift underscores how traditional investment products are migrating onto blockchain rails, enabling fractional ownership and around-the-clock trading for investors outside of the United States. The rapid adoption by major exchanges signals a structural change in how global capital accesses equity markets.