Tokenized Equities Surge to $2 Billion in 2026
A new report from DeFiLlama examines the growth of tokenized equities in 2026, revealing that their active market capitalization has surged by more than 140% since the beginning of the year. Tokenization's active market cap now stands at nearly $2 billion, up from $814 million at the start of 2026.
The report evaluated leading tokenized equity platforms across various metrics, including brokerage integration, reserve verification, dividend treatment, settlement mechanisms, and trading infrastructure. It also benchmarked quoted liquidity and execution quality across multiple venues.
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. In its broader execution benchmark, Bitget led in various categories, including quoting liquidity and order-book depth.
The report also highlighted the adoption of Reality rTokens on Bitget's platform, which generated over $1.16 billion in cumulative trading volume between June and July. Semiconductor and technology-linked assets accounted for the majority of activity, underscoring continued demand for tokenized exposure to innovation-driven public companies.