Tokenized Equities Surge 140% in 2026 Amid Growing Market

Tokenized equities have surged by more than 140% in 2026, according to new research from DeFiLlama. The report highlights the rapid growth and evolving market structure of tokenized equities, with active market capitalization increasing from $814 million at the beginning of the year to nearly $2 billion.

The study evaluates leading tokenized equity platforms across various metrics, including brokerage integration, reserve verification, dividend treatment, settlement mechanisms, and trading infrastructure. DeFiLlama's analysis found that Bitget recorded the lowest median bid-ask spread at 0.83 basis points and the deepest top-of-book liquidity across all five tokenized equity markets evaluated.

Bitget's Reality rTokens generated over $1.16 billion in cumulative trading volume between June and July, with semiconductor and technology-linked assets accounting for the majority of activity. The report suggests that as tokenization infrastructure matures, execution quality and liquidity are becoming increasingly important differentiators between platforms.