On-chain activity has changed over the last month as liquidity flows into tokenized stocks. The total amount locked in stock trading increased by about 60% to more than $1.6 billion.
Traders rushed into tokenized stocks as the crypto market stagnated. At the same time, the stock price rose more aggressively, driven by demand for AI components. Tokenized stocks are considered one of the promising products that could replace standard tokens.
As of May 2025, there was only about $30 million in tokenized equities, mostly in experimental asset classes. A year later, tokenized stocks have entered everyday transactions, and some are being used for DeFi lending.
Tokenized stocks used to be a niche class, but the trend has changed in the past two months. stock tokenization Although it follows the general trend of moving assets on-chain, the expansion over the past two months has been more active compared to other on-chain asset classes.
The growth of tokenized stocks has even supplanted commodities, which was one of the most popular asset classes last month. On-chain analyst predict Tokenized stocks will reach up to $10 billion by the end of 2026.
From 2026 to the present, demand for real-world assets has also driven perpetual futures trading. Over the past few months, more than $821.8 billion of real-world assets have been traded on decentralized markets, capitalizing on the increased demand for stocks.
In May, total commodity value shrank from $7.8 billion to $7 billion. data from RWA.xyz.
Tokenized stocks still suffer from predictable lack of liquidity
On-chain markets seek to solve the long-standing problem of limited liquidity for tokenized stocks. Although the issuance of tokenized assets is already established, not all tokenized assets meet the same liquidity requirements. According to Tokenterminal data, the RWA market has already expanded to include: $42 billion Values are locked for all platforms and asset classes.
Ethereum remains the dominant chain for many assets, including stablecoins. However, not all of these assets have suitable trading platforms, and some are unknown to traders. Based on trading activity, BNB chain Based on recent Dune Analytics dashboards, it is actually the most liquid place for tokenized asset trading.
One of the factors behind on-chain stock trading remains Hyperliquid’s HIP-3for its ability to offer custom markets and perpetual futures contracts. Overall, on-chain equity activity seeks the ability to trade directional price movements rather than securing ownership of shares.
Tokenized stocks remain limited by regulatory uncertainty and unclear ownership structures. Recently, confidence in on-chain stocks has eroded. antropic decision To limit pre-IPO sales and exclude some buyers.
Crypto-Native Platform Leads Tokenized Equities
Over the past year, several crypto-native platforms have emerged as top venues for tokenized equities. While Robinhood’s bet on Arbitrum met with limited success, Ondo, Solana, and Ethereum held the most successful tokenized stock brands.
Adding a bit to the growth in recent months was Solana’s Prestocks and Ondo. Solana XStocks has tapped into the most active companies over the past year and has become the most reliable source of liquid tokenized stocks.
