The global market for tokenized equities hit a record $2.3 billion in mid‑July 2026, more than doubling since March and climbing from just $329 million a year earlier, according to data from Token Terminal and Coin Telegraph. The explosive growth was accompanied by a 92% jump in holders across five major platforms in a single month, bringing the total to 752,000, per DWF Labs. Robinhood captured 328,000 of those holders—a 44% market share—after launching its stock tokens on July 1, though its $44 million in assets suggests an average position of only $134, indicating retail dominance. In contrast, Ondo Finance led in value with $857 million and an average balance of $5,900, while xStocks held $487 million and Securitize $245 million with far fewer but much larger accounts.
As the sector expands, major exchanges are scrambling to integrate traditional equities inside crypto wallets. Kraken’s xStocks and Binance’s bStocks followed with $507 million and $334 million respectively, and Coinbase began offering 24/5 commission‑free stock and ETF trading in December 2025. Robinhood’s public Layer 2 network and wallet‑based distribution drew a flood of retail users, yet the assets remain tiny compared to the overall $34 billion tokenized real‑world asset market. The surge in tokenized stocks has also lifted on‑chain activity: Solana’s tokenized stock market cap reached $539 million in June 2026, with network volumes surging sixfold to $4.9 billion, while Ethereum held a 34% chain‑level share at $783.2 million and BNB Chain 30%.
However, the products carry starkly different legal rights. Ondo’s international stock tokens explicitly bar US persons and do not confer ownership, only economic exposure. The SEC has warned that third‑party tokenized products may lack direct ownership, voting rights, and traditional investor protections. The DTCC began live trades of tokenized US securities on July 15, but its framework does not cover all exchange‑issued tokens. US transfer‑agent groups are urging the SEC to prioritize issuer‑backed tokenized securities over unaffiliated products, a distinction that could determine how this rapid growth translates into the regulated market.
