 Tokenised stocks have now reached a $1.2 billion market cap as institutions compare their rise to stablecoins and early DeFi growth.
Tokenised stocks reached a major milestone this year. Market value climbed to $1.2 billion as demand picked up fast.Â
Many industry insiders are now comparing this phase to the early days of stablecoins.Â
Tokenised Stocks Enter a New Growth Phase
Think of tokenised stocks as real world shares issued or mirrored on blockchains. Investors trade them around the clock and settlement happens fast. Ownership can also be fractional.
Market data from Token Terminal shows steady growth early in the year. However, momentum picked up hard in September and December and those two months pushed total value to new highs.
BREAKING: Market cap for tokenized stocks is at an all-time high of $1.2 billion.
Tokenized stocks today are like stablecoins in 2020. pic.twitter.com/dCMjbjbWg7
— Token Terminal 📊 (@tokenterminal) December 29, 2025
Early adopters once treated tokenised stocks as side products, but that view has changed and institutions now take the sector seriously.
Products look more compliant, Liquidity looks deeper and access keeps improving across the board.
Many analysts say this stage mirrors stablecoins in 2020. Back then, stablecoins served mostly crypto traders.
Today, they support a $300 billion market. Tokenised stocks now sit at a similar starting line.
Why Tokenised Stocks are Drawing Fresh Attention
There are several ways to explain why this asset class has been enjoying so much attention. For starters, trading never stops.
This means that markets stay open beyond standard hours.Â
Settlement also occurs within minutes and the fractional ownership that this asset class offers lowers entry barriers.Â
This way, investors can gain exposure without having to buy full shares. Blockchain rails have also reduced the friction as custody, clearing and settlement merge into one flow.
These benefits matter more as infrastructure matures and early pilots struggled with scale.Â
Observers are also pointing to the timing as many investors seek alternatives to slow market plumbing.Â
Institutions Drive the Recent Expansion
Institutional involvement was responsible for much of the recent growth. September in particular was a major turning point for the asset class.
For example, Backed Finance launched its xStocks suite on Ethereum.
Leading line of tokenized stocks and ETFs, @xStocksFi, is expanding its adoption of Chainlink CCIP and Proof of Reserve across BNB Chain, Ethereum, Solana, and more.
Via the Chainlink data and interoperability standards, @BackedFi’s xStocks enhances reserve transparency and… pic.twitter.com/rGNOL7UNxM
— Chainlink (@chainlink) October 24, 2025
The launch included about 60 tokenised equities alongside partnerships with Kraken and Bybit that helped with distribution and allowed users to access familiar stocks through familiar platforms.
This approach reduced friction. Investors already understood the assets, and they only needed new rails.
Volume rose soon after launch and market value followed. Token Terminal data even shows September as one of the strongest growth months.
Nasdaq Signals Long-Term Commitment
One of the strongest signals came from Nasdaq. The exchange confirmed it filed with the US Securities and Exchange Commission with a goal of offering tokenised stocks on its platform.
This move matters as Nasdaq sits at the centre of global equity markets. Its interest shows that tokenisation moved beyond fringe experiments within the year
Other platforms are also jumping on board, with Ondo Finance planning to launch tokenised US stocks and ETFs on Solana in early 2026.
This move indicates trust in high-performance blockchains. Solana supports fast settlement and low fees, and these traits suit regulated products.
Coinbase also pointed out plans to add stock trading as the company aims to become an everything exchange and tokenised equities fit that vision.
Related Reading: Wall Street’s Tokenization Push Fuels Ethereum Rally Forecast
Regulation And the Next Stage
Rules are expected to determine what comes next. This is because institutions demand clarity and Regulators seek oversight.Â
This being said, tokenized stocks sit between two worlds.
Projects now design products with compliance in mind and Securitize focuses on direct ownership. The Nasdaq itself also works within SEC frameworks.
Abu Dhabi and other regions are now showing an openness to tokenized assets, while global coordination still lags.
For 2026, clearer frameworks could unlock stronger participation and without them, growth may slow.