Tokenized equities have grown to $1bn onchain which is still small compared to the $100 trillion+ global equity market, but with huge growth potential if regulated exchanges receive approval to trade tokenized securities. UPDATE: Tokenized stocks surpass $1B in total value, with Ondo and xStocks leading the sector. That’s equities like Apple, Tesla & Nvidia living on a blockchain.
Tokenization offers the potential for global, 24/7 trading and settlement in seconds, rather than days. The convergence of the $150 trillion global equity market with blockchain infrastructure is no longer a thesis — it’s underway. There are different models of tokenized stocks.
Carlos Domingo, founder and chief executive of tokenization platform Securitize, said tokenization of stocks represents the next logical evolution of capital markets by introducing a unified, programmable ownership record that aligns with modern markets. He highlighted that tokenization can involve synthetic structures, where tokens do not provide shareholder rights and create fragmented markets where multiple tokens represent the same underlying asset. Domingo argued that Securitize’s native tokenization model complies with existing securities laws and tokens give shareholders the same rights as owning a standard share. This preserves legal clarity while enabling peer-to-peer transfer, self-custody and automated compliance within the framework investors already trust.
Compliance rules can be embedded directly into the asset, with eligibility, reporting, and restrictions enforced programmatically. Markets are no longer constrained by geography or trading hours, allowing capital to flow continuously. The distributed value of real world assets onchain, excluding stablecoins, was $26.6bn as at 11 March 2026. Tokenized U.S. Treasuries are the single largest non-stablecoin RWA category and the clearest proof that institutional capital is arriving onchain.
Private credit onchain stands at more than $5 bn and represents over half of current non-stablecoin tokenized value. Gold and commodities have surged with total tokenized commodities standing at $7.6bn. 2025 proved that tokenization works in institutional settings. 2026 is about whether it can deliver sustained trading volume, continuous liquidity, and programmable compliance beyond the initial issuance stage.
Tokenized equities will be able to move between institutional markets and permissionless DeFi ecosystems. In September 2025 Nasdaq filed to enable equity securities, including issuer-sponsored tokens, to trade on its markets and settle in token form through DTCC. On 9 March 2026 Nasdaq said in a statement that it has partnered with Kraken and the infrastructure layer behind xStocks, to enable tokenized equities to move fluidly between regulated markets and global onchain markets while preserving issuer rights, regulatory compliance, and price integrity. Connecting Nasdaq’s market infrastructure with the xStocks ecosystem aims to create interoperability between financial systems and decentralized networks.
The convergence of the $150 trillion global equity market with blockchain infrastructure is underway. Foresight Ventures said: “The convergence of the $150 trillion global equity market with blockchain infrastructure is no longer a thesis — it’s underway.” The venture firm said the market is diverging into two paths: the evolutionary path (DTCC integration incremental efficiency for legacy players) and the revolutionary path (direct on-chain issuance total disintermediation). Four Pillars said in a 2026 report: The Year of Tokenized Stocks that there are different models of tokenized stocks.
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