Tokenized Stock Market Reaches $1.5 bn, Led by Ethereum, Solana and BNB Chain

The on‑chain tokenized stock market has surged to a total market capitalisation of about $1.5 billion, representing roughly a 40‑fold increase over the previous year. The sector now tracks 2,649 tokenized stocks across ten blockchains and eleven issuers.

Two issuers dominate the space: Ondo Finance holds 63.1 % of the market ($963.3 million) and xStocks 26.4 % ($402.7 million), together accounting for 89.5 % of the total value. The remaining nine issuers split the remaining 10.5 %.

Chain distribution is much more balanced: Ethereum accounts for 40.3 % ($615.1 million), Solana 29.3 % ($447.7 million) and BNB Chain 28.2 % ($430.2 million), together representing 97.8 % of the market. This three‑chain race makes the sector less a single‑chain story and more a multi‑chain competition for the home of on‑chain equities.