# Wall Street's Onchain Expansion Pushes Tokenized Stocks to Record $2.3 Billion

> Tokenized stocks reach a record $2.3 billion market cap as Binance, Kraken, Coinbase and other crypto platforms accelerate the shift toward blockchain-based equity trading.

By Lidia Yadlos · July 16, 2026

Canonical: https://blockster.com/wall-streets-onchain-expansion-pushes-tokenized-stocks-to-record-23-billion

Tokenized stocks have reached a new milestone, with the sector's market capitalization climbing to a record **$2.3 billion** as cryptocurrency exchanges rapidly expand their offerings and investors increasingly embrace blockchain-based versions of publicly traded companies.

The latest figures, first reported by [Cointelegraph](https://cointelegraph.com/news/tokenized-stocks-rise-23b-all-time-high) using data from Token Terminal, highlight how tokenized equities are evolving from an experimental product into one of crypto's fastest-growing sectors.

Rather than competing solely on crypto trading, exchanges are now competing to become full-service investment platforms—offering everything from Bitcoin and stablecoins to tokenized shares, ETFs and, increasingly, private market opportunities.

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## Three Chains Are Winning the Battle

Ethereum continues to dominate tokenized equities, hosting **34%** of the market, while **BNB Chain** has captured **30%**. Solana has quickly established itself as the third major ecosystem with **23%**, reflecting growing demand for lower-cost, high-speed trading infrastructure.

The exchange landscape has become equally competitive.

> Kraken's xStocks platform has accumulated approximately $507 million in tokenized equities, while Binance's bStocks has grown to roughly $334 million. Meanwhile, Ondo Finance remains the largest issuer overall, with nearly $955 million worth of tokenized stocks circulating onchain.

The numbers suggest that investors are increasingly treating blockchain as another venue for equity markets rather than simply a place to trade cryptocurrencies.

## Exchanges Are Expanding Beyond Crypto

The surge comes after a wave of product launches aimed at blurring the line between traditional finance and digital assets.

Binance recently expanded access to more than **7,000 tokenized US stocks** with zero-commission trading for eligible users, while Coinbase previously introduced commission-free stock and ETF trading with extended market hours.

Elsewhere, Bitpanda plans to add around **10,000 stocks and ETFs** to its platform, and Bitget has experimented with tokenized exposure to private companies by offering blockchain-based access tied to **SpaceX's** pre-IPO shares.

Kraken has arguably become one of the biggest success stories. Since launching xStocks, cumulative trading volume has surpassed **$25 billion**, demonstrating that investor demand extends well beyond early crypto adopters.

## Why Investors Are Interested

Unlike traditional brokerages, tokenized stocks can offer **fractional ownership**, faster settlement and, in many jurisdictions, significantly longer trading hours—sometimes operating around the clock.

For investors outside the United States, they also provide easier access to US-listed companies without relying on legacy brokerage infrastructure.

While regulatory frameworks continue to evolve, exchanges clearly see tokenized equities as a key battleground for attracting the next generation of investors.

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## Equities Are Still Just the Beginning

Even after reaching a record valuation, tokenized stocks remain only a small part of the broader real-world asset (RWA) economy.

> According to Binance Research, the tokenized RWA sector has expanded nearly 589% since early 2025 to approximately $34 billion, led primarily by tokenized US Treasuries, money market funds and commodities.

US Treasury products alone account for roughly **$15 billion**, or **44%** of the market, while tokenized commodities represent another **$4.5 billion**. By comparison, tokenized equities currently make up just **5.5%** of the sector.

That gap highlights how early the market still is. If exchanges continue bringing thousands of listed companies onto blockchain rails—and investors continue embracing 24/7 trading—the current $2.3 billion market may prove to be only the opening chapter of Wall Street's migration onchain.