Tokenized Equities Surge Past $2 Billion Amid Shift to Liquidity Focus
The tokenized equity market has grown rapidly in 2026, with its active market capitalization increasing by more than 140% since January. This surge pushed the total value to nearly $2 billion. DeFiLlama's research suggests that the next phase of growth will depend less on novelty and more on liquidity, settlement quality, and reliable execution.
The tokenized equity market offers traditional market exposure in a crypto-native environment, providing fractional access, blockchain settlement, and extended trading hours. However, users still need clear reserve structures, accurate prices, and sufficient liquidity to enter or leave positions. Dividend payments and corporate actions must also be reflected correctly.
Bitget leads the market in terms of spreads and order-book liquidity, according to DeFiLlama's findings. The exchange recorded a median bid-ask spread of 0.83 basis points and delivered the deepest top-of-book liquidity across all five tokenized equity markets included in the study.