Tokenized Stocks Hit Record $3.1 Billion Market Cap, Led by BNB Chain
Key Takeaways
- •Tokenized stocks reached an all-time high of $3.1 billion in total market capitalization, per Token Terminal.
- •BNB Chain holds the largest share at about $1 billion, roughly 33%, with Ethereum second at 25% and Solana third at 23%.
- •Binance's bStocks product and demand for 24/7 equity access helped drive the record growth.
- •Tokenized stocks allow holders to trade blockchain-based representations of equities at any time, often without a traditional brokerage account.
- •Binance discontinued an earlier stock token product in 2021 after regulator concerns, and the sector continues to face securities-related scrutiny across jurisdictions.
The onchain market for tokenized stocks has reached an all-time high of $3.1 billion in total market capitalization, according to data from Token Terminal.
BNB Chain holds the largest share of the market, with $1 billion worth of tokenized stocks issued on the network — nearly 33% of the overall market. Ethereum ranks as the second-largest network, accounting for roughly 25% of the tokenized stock market cap, while Solana places third with 23%.
The record milestone has been driven in part by Binance's bStocks product, alongside growing demand for round-the-clock access to equity trading. Tokenized stocks are blockchain-based digital representations of traditional equity shares, allowing holders to gain exposure to publicly traded companies outside conventional market hours and, in many cases, without requiring a traditional brokerage account.
Unlike conventional equities, which trade only during standard exchange hours, tokenized stocks can be transferred and traded onchain at any time, a feature that has fueled their adoption among crypto-native users seeking continuous market access.
The growth reflects broader interest in bringing real-world assets onto public blockchains, a trend that has expanded across multiple networks including BNB Chain, Ethereum, and Solana over recent years. Real-world asset tokenization more broadly — which also covers instruments such as tokenized US Treasuries and stablecoins — has become one of the most active areas of blockchain development, with major financial institutions and crypto firms alike launching onchain products.
The tokenized stock sector has a mixed regulatory history. Binance discontinued an earlier version of its stock token offering in 2021, days after Italian and Hong Kong regulators raised questions about the product, and regulators in multiple jurisdictions have since scrutinized whether such tokens constitute securities. How issuers navigate those requirements remains a key factor to watch as the market grows, alongside whether traditional exchanges and brokerages respond to demand for 24/7 equity access with extended trading hours of their own.
Source: CryptoBriefing
