Digital versions of regular stocks on blockchain networks have grown to a $1.5 billion market, up 56,615.2%, as investors look for new ways to access U.S. equities.
These blockchain-based equities can be traded at any time, not just during market hours, and consumers can buy minuscule fractions of shares.
They also make it easier for crypto investors to buy in US stocks without having to open international brokerage accounts or go through a lot of paperwork.
Token Terminal data shows that the sector was only worth $37 million a year ago. By the middle of 2025, it had risen to approximately $280 million, before skyrocketing to the present $1.5 billion by May 2026. That’s approximately 40 times bigger in a year.
Three blockchain networks battle for market share
Three blockchain networks are currently competing to become the primary platform for these digital stocks.
An expert in real-world assets known as Zeus stated on X: “The tokenized stock race is currently a three-chain war. Ethereum, Solana, and $BNB Chain are all aggressively pushing themselves to become the hub for onchain equities.”
Ethereum is in the top place with $614.3 million, accounting for more over 40% of the total market.
Solana is next at $442.6 million, with $BNB Chain close following at $432.2 million.
The narrow gap between second and third indicates that the standings could alter quickly.
Each network brings different strengths. Ethereum has the longest track record and is trusted by financial institutions for serious money operations.
Solana focuses on fast transactions and low fees to make trading feel smooth.
$BNB Chain pulls in large numbers of regular retail users.
Two companies control nearly 89% of the market
Even with rapid growth, the market is dominated by two companies. Ondo Finance holds about $963 million in assets, more than 63% of the total.
In tokenized stocks, it controls over 70% of the market and has processed more than $18 billion in trading volume, according to RWA.xyz.
The second-largest player, xStocks, has about $402 million, or roughly 26%. Together, they account for nearly 89% of the market, leaving a small share for others.
Ondo Global Markets launched in September 2025 and became the largest tokenized stock platform within two days.
Eight months later, it passed $1 billion in total value locked. By comparison, stablecoins took about three years to reach that level, while tokenized Treasury bonds took around two years.
Since January 2026, total value locked has doubled.
Over 260 tokenized US stocks and ETFs are currently listed on the platform, which works with Solana, Ethereum, and the $BNB Chain.
Users can access them via Binance, MetaMask, Phantom, and other popular wallets.
Each token reflects the actual securities owned by a US-registered broker-dealer and monitors total returns, including dividends.
Trading takes place 24 hours a day, five days a week.
Ian De Bode, who serves as President of Ondo Finance, explained why demand is strong: “There’s a lot of wealth globally—people made money on Bitcoin, ETH, $BNB… They have that wealth sitting in crypto exchanges. They want to be able to diversify it into other stuff, but historically, they never could. Now with these tokenized stocks coming in, it’s just a very seamless experience.”
Ondo has gotten approval to offer tokenized stocks and ETFs in 30 European countries within the EU and EEA.
The company has also filed confidentially with the SEC, which, if approved, would make it the first issuer of transferable tokenized stocks required to report to the regulator.
The wider market for tokenized assets has grown 47% so far this year, beating traditional measures like the S&P 500.
Token Terminal data shows tokenized ETFs on blockchain have hit $430 million, led by Ondo’s IVVon token, a digital version of the iShares Core S&P 500 ETF that climbed roughly 150% on Ethereum over the past month.
Source: Polymarket
Polymarket traders are betting there’s a 75% chance that real-world assets will reach $50 billion by December 31, 2026.
Another bet on whether Binance will launch stock tokens in 2026 stands at 99% odds.
