Tokenized Stocks Hit Record $2.3 Billion Amid Regulatory Uncertainty

The global market capitalization of tokenized stocks reached $2.3 billion in mid-July 2026, according to Token Terminal data.

This figure has roughly doubled since March, when the sector first crossed $1 billion, and it stood at approximately $329 million a year earlier.

Three issuers dominate the leaderboard: Ondo Finance holds the largest position at $955 million in on-chain equities, followed by Kraken's xStocks product with $507 million, and Binance's bStocks with $334 million.

Cumulative trading volume across xStocks exceeded $25 billion roughly thirteen months after launch, CoinMarketCap reported.