Tokenized Stocks Surge Nearly 3,000% in 2025, Approaching $1 Billion
By John Nada·Jan 31, 2026·2 min read
Tokenized stocks have surged nearly 3,000% in 2025, nearing $1 billion in market value, indicating a significant shift in the crypto market landscape.
Tokenized stocks skyrocketed nearly 3,000% in 2025, moving the asset class close to the $1 billion mark, according to CoinDesk. This surge has been largely driven by new SEC rules and a DTCC pilot program, with companies like Ondo and Securitize leading the charge. As of January 2026, tokenized equities reached approximately $963 million in market value, a staggering increase from just $32 million the previous year.
The explosive growth underscores a significant shift in the crypto market, particularly in the realm of real-world asset (RWA) tokenization. The rising demand for blockchain-based access to traditional financial assets is evident, as more firms look to tokenization to enhance settlement efficiency, broaden market access, and develop always-on financial products.
Tokenized equities are emerging as one of the most prominent examples of RWAs, expanding beyond private credit and Treasury bills into more mainstream financial instruments. However, the market remains highly concentrated. Ondo Global Markets commands more than half of the tokenized equity value, with xStocks and Securitize holding most of the remainder. This concentration highlights the early-stage nature of the sector and the critical role of regulated issuance frameworks.
Improvements in institutional infrastructure have fueled much of this momentum. While Ethereum continues to serve as the primary settlement layer for tokenized equities, other blockchains like Solana are gaining traction as platforms seek more cost-effective and efficient transaction environments.
Regulatory changes in the U.S. are also shaping the future of this market. December 2025 marked a significant period, with new SEC guidance on broker-dealer custody and a no-action letter from the DTCC related to a tokenization pilot. Both developments indicate a growing engagement from traditional market infrastructure providers.
As tokenized equities inch closer to that $1 billion threshold, the sector is becoming a bellwether for the scalability of RWAs. The level of institutional adoption may hinge heavily on regulation, custody, and market structure catching up with the pace of blockchain innovation.
In summary, the rapid growth of tokenized equities signals a pivotal moment for the intersection of traditional finance and blockchain technology. The implications of this trend could redefine how assets are traded and accessed in the future.