Tokenized equities surge 105% as Wall Street joins the race

Tokenized stock transfers rose 105% over the past month to $8.41 billion, according to RWA.xyz data cited in market reports. The jump shows faster activity in on-chain equity markets as crypto platforms and traditional finance firms expand tokenized stock products.

Tokenized stocks. Source: RWA.xyz

The sector’s distributed value also climbed 43% to $2.16 billion. The number of holders rose 17% to more than 409,000, showing that growth came from both transfer activity and user participation.

Figure recorded the fastest growth among major platforms, with distributed value rising 935% over 30 days. Securitize rose 332%, while xStocks gained about 62% during the same period.

Ondo remained the largest tokenized stock platform by distributed value at about $846 million. xStocks followed with about $708 million, while Securitize and Figure held about $306 million and $239 million.

DTCC brings Wall Street into tokenization

DTCC said it has brought more than 50 firms into an industry working group to help develop DTC’s tokenization service. The group supports testing around tokenized securities and other digital asset use cases.

A related report said DTCC plans tokenized securities pilots before an October 2026 launch. The service follows a December 2025 SEC no-action letter tied to tokenization of select DTC-custodied assets.

The approval covers a defined group of highly liquid assets. These include Russell 1000 stocks, major index ETFs and U.S. Treasury bills, notes and bonds.

The service will run under a three-year framework. DTC participants may use the system to test tokenized record-keeping and transfers on approved blockchain networks, while traditional custody controls remain in place.

Crypto exchanges push tokenized equities

The rise in tokenized stock transfers also follows new exchange-led offerings. Kraken, Bybit and Bitget Wallet used xStocks infrastructure during the SpaceX market cycle, giving users access to tokenized pre-IPO exposure.

A recent analysis said crypto platforms already owned much of the SpaceX tokenized stock trade. Demand reportedly exceeded available allocation, showing strong user interest in blockchain-based equity products.

Securitize also moved into public-market tokenization. The company issued tokenized versions of its own shares on Solana and Avalanche after listing on the New York Stock Exchange.

These moves show that tokenized stocks are no longer limited to small tests. They now include private-market access, public-company shares and infrastructure built by both crypto-native firms and regulated market players.

On-chain stocks gain wider market attention

Tokenized equities outpaced other parts of the real-world asset market over the past month. Tokenized U.S. Treasuries, still the largest RWA segment, stayed mostly flat, while the broader RWA market grew about 4% to $33.5 billion.

A separate guide explains how tokenized stocks work and why equities are moving on-chain. It notes that tokenized shares can represent legal or synthetic exposure, depending on product structure and jurisdiction.

Broader RWA growth adds context to the latest stock activity. A May report said tokenized real-world assets had grown to about $34 billion, with Treasuries and Ethereum-based products leading the market.

The next stage will depend on regulation, liquidity and investor access. DTCC’s pilot may give Wall Street a controlled route into tokenized securities, while crypto exchanges continue to move faster with user-facing products.