Tokenized Stock Holders Double as Monthly Volume Hits $23.1 Billion

Tokenized stocks bring exposure to traditional equities onto blockchain networks, allowing investors to hold and transfer representations of securities through crypto-market infrastructure. The segment is a prominent use case for real-world asset tokenization, or RWA, and its expansion signals accelerating links between conventional capital markets and digital assets, though activity remains concentrated among a small number of platforms.

Onchain transfers of tokenized US stocks surged more than 415% over the latest 30-day period to $29.5 billion, according to RWA.xyz. Monthly active addresses and the number of holders both roughly doubled during the period. Ondo, Kraken and Binance together accounted for about 81% of the market, underscoring their dominance as demand and blockchain-based activity accelerated.

Tokenized real-world asset perpetual futures give crypto traders leveraged, round-the-clock and borderless exposure to instruments normally confined to traditional brokerage hours and know-your-customer controls. The products have emerged as one of the crypto market’s fastest-growing segments in 2026, with equity-linked contracts drawing more activity than tokenized commodities. Their rise matters because it shifts stock speculation onto crypto-native venues while concentrating liquidity among a handful of large centralized and onchain exchanges.

The Block reported on July 22, 2026, that monthly RWA perp volume across exchanges climbed to about $470 billion in June from $85 billion in January, a 450% increase in six months. Tokenized equity perp volume rose roughly sevenfold, led by pre-IPO and semiconductor names. SpaceX’s SPCX contract was the most-traded equity perp in June, with more than $66 billion in volume. Binance, Hyperliquid and OKX together handled over 80% of RWA perp trading, with Binance alone accounting for nearly half.

Tokenized stocks represent shares in listed companies on a blockchain, allowing investors to trade them as on-chain tokens. These assets are part of the real-world asset tokenization market. Platforms including Figure, Securitize and Ondo continue to expand supply, with the category now growing faster than segments such as tokenized U.S. Treasuries.

The latest data as of July 2026 showed that monthly on-chain transfers of tokenized stocks surged 105% from the previous month, more than doubling from about $4.1 billion to $8.41 billion. Figure, Securitize and Ondo were the main drivers of the increase, signaling rapid growth in on-chain equity trading.

Tokenized stocks map shares in publicly listed companies, or the economic rights attached to them, onto a blockchain, allowing investors to trade them on-chain and use them in DeFi. The asset class is a key segment of the real-world asset market, and its growth shows that traditional financial products are moving more rapidly onto programmable blockchain infrastructure capable of supporting cross-border transfers.

The total on-chain value of tokenized stocks surpassed $1 billion as of March 10, 2026, up about 2,900% over the past year, according to RWA.xyz. Ondo held a market share of about 58% and xStocks about 24%, giving them a combined 82%. Cumulative trading volume in stocks and ETFs offered through 1inch’s integration with Ondo also topped $2.5 billion on March 6.