Tokenized Equities Reach $4.87 Billion as Trading Volume Sets Record

Tokenized equities reached a record $4.87 billion in market value in September 2026 as on-chain trading volume climbed to $15.6 billion, showing stronger activity in blockchain-based markets despite their small size relative to traditional equities.

The market value increased 13.7% from August and represented 1.55% of the $313 billion stablecoin market. Trading volume rose 16.4% during the month, exceeding the previous record of $15.4 billion set in July 2026.

Robinhood handled $6.57 billion, or 42%, of September’s tokenized-equity volume, up from a 9.7% share in August. Binance’s bStocks recorded $5.42 billion, or 34.7%, while xStocks posted $2.11 billion and Coinbase recorded $804 million.

Robinhood and bStocks together accounted for 76.7% of monthly volume, concentrating most activity among two venues. Securitize led tokenized-equity assets under management with $1.62 billion, followed by Ondo with $1 billion and xStocks with $874 million.

These products use blockchain tokens to represent stock ownership or exposure to equities. Depending on the product and jurisdiction, they may not provide the same legal ownership, voting or dividend rights as traditional shares.

The broader tokenized real-world-asset market stood at $34.5 billion through Aug. 31, 2026. Tokenized stocks represented 8% of that market but generated 93% of its on-chain trading activity.

A Sept. 17, 2026, exemption from the U.S. Securities and Exchange Commission (SEC) allows certain distributed-ledger trading venues to trade tokenized national market system stocks under conditions covering registration or exemptions, investor rights, transparency, symbol limits and trading volume.

“We see very clearly that tokenization is going to be the future of how not just U.S. stocks, but any asset is traded in the future,” Robinhood CEO Vladimir Tenev said Sept. 9, 2026.

Tenev also described the activity as small compared with traditional markets, saying the volumes remain a “vanishingly small percentage” of the total equities market.