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

By Lidia Yadlos

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 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.

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.

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.

Published on Binance

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