Tokenized equities are approaching the $1 billion mark, highlighting how the tokenization of real world assets (RWA) is moving beyond pilots and into the rapidly evolving field of cryptocurrency market infrastructure.
As of January 2026, the market value of tokenized stocks reached approximately $963 million, an increase of almost 2,878% from just $32 million in the same period last year, according to a new report from Sentora and DL Research.
This increase reflects growing demand for blockchain-based access to traditional financial assets, as companies increasingly look to tokenization as a way to improve payment efficiency, expand market access, and build always-on financial products. Tokenized equities in particular have become one of the most prominent examples of RWA expanding beyond private credit and Treasury bills into more mainstream products.
Nevertheless, the market remains highly concentrated. According to the report, Ondo Global Markets holds the largest share, accounting for more than half of the tokenized stock value, with xStocks and Securitize accounting for most of the rest.
The dominance of a small number of issuers highlights both the nascent nature of the sector and the importance of a regulated issuance framework.
Much of the momentum is coming from improved institutional rails. Ethereum remains the primary payment layer for tokenized stocks, but other chains such as Solana are gaining traction as platforms seek cheaper and faster trading environments.
Regulatory developments in the US also appear to be helping shape the next phase of growth. The report points to December 2025 as a key date and cites new SEC guidance on broker-dealer custody and the DTCC’s no-action letter related to the tokenization pilot, both of which signal increased involvement by traditional market infrastructure providers.
As tokenized equity approaches $1 billion, the sector is emerging as a bellwether for how quickly RWA can scale and how much institutional adoption will depend on regulations, custody, and market structures keeping pace with blockchain innovation.
