Markets
Tokenized Stocks Dominate $14.4 Billion Onchain Trading Outside the US
In a notable development for the cryptocurrency market, tokenized stocks have emerged as a dominant force, comprising 99.3% of the $14.4 billion traded onchain outside the United States in the last 30 days. This surge indicates a robust demand for blockchain-based tokens that track the price of traditional shares, particularly among retail investors.
The market capitalization of tokenized equities has seen substantial growth, estimated to rise from approximately $600 million to between $3 billion and $4.8 billion as of September 2026. Some analyses suggest year-over-year growth rates exceeding 300%, with monthly onchain trading volume reaching a record $15.6 billion in September 2026.
Most trading activity occurs outside traditional market hours, allowing investors to engage with tokenized stocks even when US exchanges are closed. The platforms facilitating this trading include Binance, Kraken, and Robinhood, with BNB Chain and Solana leading the infrastructure support.
Regulatory changes, particularly a recent SEC innovation exemption, have made it easier for non-US users to trade tokenized US stocks, further fueling market growth. Despite this expansion, tokenized stocks still represent a small segment of the broader real-world asset (RWA) economy.
The data suggests a growing international retail demand for continuous access to US equities, with over 4 million holders averaging positions of around $780. However, the current use of tokenized stocks as collateral remains low, indicating that most investors are primarily trading or holding these assets.
As the market evolves, the competition among blockchain networks intensifies, particularly between BNB Chain and Solana, which together account for a significant share of tokenized stock trading. The future of this market will likely hinge on regulatory developments and the ability of platforms to maintain trading efficiency.
FAQ
What are tokenized stocks?
Tokenized stocks are blockchain-based tokens that represent shares of traditional companies, allowing investors to trade them on decentralized platforms.
How much onchain trading of tokenized stocks occurred outside the US recently?
In the last 30 days, tokenized stocks accounted for 99.3% of the $14.4 billion traded onchain outside the United States.
What platforms facilitate the trading of tokenized stocks?
Trading of tokenized stocks is facilitated by platforms such as Binance, Kraken, and Robinhood, with BNB Chain and Solana providing infrastructure support.
What is the projected market capitalization for tokenized equities by September 2026?
The market capitalization of tokenized equities is estimated to rise from approximately $600 million to between $3 billion and $4.8 billion by September 2026.
What factors are driving the growth of tokenized stocks?
The growth of tokenized stocks is driven by strong retail investor demand, regulatory changes like the SEC innovation exemption, and the ability to trade outside traditional market hours.