Tokenized stock markets are expanding rapidly across multiple blockchains, with Avalanche recording the largest growth in the latest 30-day period. Avalanche added $266 million in tokenized stock value, ahead of BNB Chain's $116 million, Robinhood Chain's $100 million and X Layer's $95 million. The expansion also extended to participation: the number of addresses holding tracked tokenized stocks increased by 64.30% to 4.04 million, while addresses transferring these assets jumped 115.70% to 3.24 million, signaling that users are actively moving tokenized equities rather than simply holding them.
Avalanche's seven-day inflows reached $131.2 million, led by Securitize, which the network said was around eight times the second-highest chain and more than all other chains combined. Securitize has tokenized more than $4 billion in assets and supports institutions including BlackRock and KKR. BlackRock's BUIDL, issued through Securitize, has expanded beyond Ethereum to Avalanche, providing eligible investors with blockchain-based ownership, transfers and settlement.
The broader tokenization push is gaining institutional and regulatory momentum. In September, the New York Stock Exchange partnered with Blockchain.com to explore tokenized versions of U.S.-listed stocks and ETFs. On September 17, the SEC introduced a five-year exemption framework for certain platforms trading tokenized stocks, provided qualifying tokens offer the same shareholder rights as traditional securities.
The trend is also moving into Asian equities. Kakao Pay Securities and Dinari are exploring tokenization of stocks listed on the Korea Exchange to enable global distribution, particularly for U.S. investors. The partnership aims to develop a framework for sourcing Korean equities, complete a proof of concept, and determine legal, technical and operational requirements. No tokenized shares are available for purchase yet, but the trial could broaden access for foreign investors, who currently have limited direct options for Korean stocks.
Dinari's dShares model uses a custodial structure with one corresponding security backing each token. In August, Dinari said eligible U.S. investors would be able to trade 724 tokenized U.S. stocks and ETFs, including the S&P 500, while companies could integrate via an API. The company says dShares retains advantages such as dividends, voting rights, corporate actions and NBBO execution, with reach across more than 85 countries.
South Korea is also updating its regulatory framework. The Financial Services Commission said the market would extend beyond fractional-investment products to include traditional securities such as stocks, bonds and funds. Amendments effective February 4, 2027, will treat security tokens as securities in digital form, a step the Korea Capital Market Institute called a milestone for the capital market.
RWA growth is accelerating: Binance Research put RWA assets under management at $34.18 billion as of September 15, up 85.2% year to date, while tokenized equities grew 390.4%. Citi projects a $5.5 trillion tokenized-asset market by 2030 in its base case, though it flags regulation, liquidity and interoperability as hurdles, and the IMF warns that tokenization can create legal risks around the link between a token and the underlying asset.
