Tokenized Stocks Hit Record Market Cap of $2.3 Billion

The market capitalization of tokenized stocks has reached a record high of $2.3 billion, driven by growing investor interest in blockchain-based equity products.

This milestone was achieved as more investors sought exposure to the increasing number of tokenized equity products launched by cryptocurrency exchanges.

According to data aggregator Token Terminal, the Ethereum network holds the largest market share at 34%, followed closely by BNB Chain with 30% and Solana with 23%.

The largest contributors to this increase were Kraken's xStocks, which accounted for $507 million worth of tokenized stocks, and Binance's bStocks, with $334 million. Ondo Finance remains the leading issuer of tokenized stocks, with over $955 million in on-chain equities.