The tokenized stock market has reached a record $4 billion in market capitalization, marking an 831.8% increase over the past year, according to data highlighted by Token Terminal. The milestone underscores growing acceptance of digital equities as blockchain-based alternatives to traditional securities.
Binance bStocks leads the category with $1.2 billion in market cap, followed by Ondo at $992.4 million and xStocks at $966.9 million. The rapid expansion comes amid mixed signals in the broader cryptocurrency market, suggesting that tokenized equities remain a bright spot for investor interest.
Separately, tokenized shares of Strategy are approaching a $500 million on-chain market capitalization. The breakdown includes STRCx at $148.5 million, MSTRx at $116.3 million, MSTRb at $100.7 million, and STRCon at $62.1 million. Multiple issuers are now distributing Strategy stock tokens on-chain, reflecting a broader push into tokenized asset distribution.
Industry observers note that this growth could attract more institutional participation and increase liquidity in digital equity markets. Traders are watching whether regulatory clarity and stablecoin supply dynamics will support continued expansion in tokenized assets.
