“Looking ahead to 2026, tokenized stocks are likely to continue growing exponentially as standalone products. Moves by incumbents like Robinhood to build their own L2 for RWAs only reflect how seriously traditional firms are taking this shift. But the more important shift is how RWAs begin to fit into the rest of the ecosystem.”
That was from the 2026 Year Ahead last December, and growth so far has been explosive.
At the beginning of the year, there was about $700M worth of tokenized stocks onchain. Today there’s more than $2.7B, which is still small in the grand scheme of things. Traditional markets turn over more than that every few minutes. But the growth is real, and now Robinhood, Coinbase, and Binance have all thrown their hats in the ring.
This issuer race has been a key one to watch. Ondo went from launching last September to almost $1B of stocks today, the biggest in the market, while xStocks now sits at over $700M and has been the fastest grower in recent months. Together, these two now hold roughly 60% of all tokenized stock value.
The top individual tickers by value are also interesting. Apart from all ETFs, the biggest single token today is SECZ at ~$156M, which is Securitize putting its own native stock onchain with heavy restrictions and a small holder count/tra
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