The market capitalization of tokenized stocks has reached $2.8 billion across 13 blockchain networks, according to data from Token Terminal. BNB Chain leads the sector with a 33.2% share, followed by Ethereum at 28.4% and Solana at 23.2%. The concentration of value among a small number of chains points to strong sector momentum and growing interest in tokenized assets, as highlighted in the platform's recent posts on X (post, post).

Inside the Move

Token Terminal's latest figures show a notable expansion in the tokenized stocks market, which now comprises 3,374 distinct assets. Tokenized stocks are digital, on-chain representations of traditional equity shares, and the platforms issuing them typically market features such as fractional ownership, near round-the-clock trading, and on-chain settlement compared with conventional equity market hours. BNB Chain's dominance of the sector underscores its strong traction among investors, while Ethereum and Solana continue to play significant roles in hosting these assets.

The development comes as the broader crypto market exhibits mixed signals, with different assets showing varying momentum. The growth in tokenized stocks may reflect a shift in how investors view traditional equities in the context of blockchain technology.

At a Glance

• Token Terminal reports a combined market cap of $2.8 billion for tokenized stocks.
• BNB Chain holds 33.2% of the market.
• Ethereum and Solana follow with 28.4% and 23.2%, respectively.
• Together, the three chains host 84.8% of the total market.
• The market consists of 3,374 unique tokenized assets.

Sector Context

The $2.8 billion combined valuation reflects growing investor interest in tokenized stocks. BNB Chain's leading position suggests decentralized platforms are becoming increasingly attractive venues for traditional investments, while the substantial shares held by Ethereum and Solana reinforce the broader trend of integrating tokenized assets into mainstream finance. The figures also sit within a wider real-world asset (RWA) tokenization push: during 2025, major trading and crypto firms including Robinhood, Kraken, and Coinbase announced or launched tokenized equity offerings, while asset managers such as BlackRock have introduced tokenized funds, extending institutional participation in on-chain financial products.

Token Terminal, the platform behind the data, analyzes and reports on a range of blockchain metrics with a focus on tokenized assets. Its coverage of the tokenized stock market offers data points for understanding how these assets are gaining traction, particularly in the context of regulatory developments and market sentiment.

The Road Ahead

The concentration of market capitalization among the top chains may lead to further innovation and competitive dynamics within the sector. Because tokenized stocks generally remain subject to existing securities rules, several 2025 launches were initially limited to non-US jurisdictions, and how regulators apply those rules to on-chain equities is a key factor shaping the sector's reach. As decentralized finance continues to evolve, demand for trading venues for tokenized assets could rise, potentially influencing the broader crypto market landscape. The performance of BNB Chain, Ethereum, and Solana remains a key trend in the development of the tokenized stocks market.

This article is for informational purposes only and does not constitute financial advice.