# Growth of tokenized stocks in decentralized finance

> Live situation record from CLSTR: https://clstr.news/situations/growth-of-tokenized-stocks-in-decentralized-finance
> Updated: 2026-10-24T14:44:08.000Z. Sources: 34. Developments: 11.

The adoption and volume of tokenized stocks within decentralized finance (DeFi) have seen significant growth. By late September 2026, tokenized stocks recorded $20.9 billion in decentralized exchange (DEX) volume over a 30-day period, with Uniswap contributing approximately 60.1% of that total. To facilitate regulated trading, Uniswap introduced Permissioned Pools in July 2026, allowing approved wallets to trade regulated assets through v4 pools. By October 2026, the market experienced massive expansion, with total trading volume for tokenized stocks and ETFs rising over 10,000% year-over-year to $48.7 billion. Tokenized equities increased their share of total DEX spot volume from 0.1% at the end of 2025 to over 4% in 2026. Recent data shows that tokenized equities reached $50 billion in DEX trading volume during the third quarter of 2026, representing approximately 9% of total spot DEX volume. BNB Chain has emerged as a dominant force, capturing a significant portion of the market. In the third quarter, it recorded $25.6 billion in tokenized stock trading volume, an elevenfold increase from the previous quarter. The network's tokenized stock supply reached approximately $1.13 billion. On the Base Layer 2 network, Coinbase-issued tokenized stocks, including NVDA, AAPL, and GOOGL, generated $1.5 billion in DEX volume over a 30-day period. Binance’s bStocks platform, issued under the Abu Dhabi Global Market jurisdiction, has surpassed $1 billion in assets under management (AUM) following its June 2026 launch. The broader tokenized stock market has reached approximately $4.4 billion, with three primary issuers—Ondo Finance, Binance bStocks, and xStocks—controlling roughly 80% of the total outstanding value. On-chain data indicates a shift toward utilizing these assets for more than just trading; Coinbase-issued stocks saw $5.6 million in deposits over a seven-day period in early October, followed by Robinhood ($1.8 million) and Binance bStocks ($1.6 million).

## Timeline

### 2026-10-24: BNB Chain tokenized stock trading volume hits $25.6 billion

BNB Chain's tokenized stock trading volume surged to $25.6 billion in Q3, an 11-fold increase from the previous quarter, driven largely by bStocks and QQQB ETF tokens.

2 sources. https://clstr.news/cluster/bnb-chain-tokenized-stock-trading-volume-hits-256-billion

### 2026-10-22: Coinbase tokenized stocks reach $20 million weekly volume

Coinbase's tokenized stock offering on the Base network is generating roughly $20 million weekly, though competitor Binance maintains a larger market share in the sector.

2 sources. https://clstr.news/cluster/coinbase-tokenized-stocks-reach-20-million-weekly-volume

### 2026-10-21: Tokenized stock market reaches $4.4 billion as major issuers dominate

The tokenized stock market has surged 886% annually to $4.4 billion, with Ondo, Binance bStocks, and xStocks controlling 80% of the market.

4 sources. https://clstr.news/cluster/bnb-chain-leads-44-billion-tokenized-stock-market-growth

### 2026-10-21: Tokenized equities reach $50 billion in Q3 DEX trading volume

Tokenized equity trading on decentralized exchanges surged ninefold to $50 billion in Q3 2026, representing 9% of total spot DEX volume.

4 sources. https://clstr.news/cluster/tokenized-equities-reach-50-billion-in-q3-dex-trading-volume

### 2026-10-19: BNB Chain claims 42.59% share of tokenized stock market

BNB Chain has claimed a 42.59% share of the tokenized stock market with $1.47 billion in assets, surpassing the combined holdings of Ethereum and Solana.

7 sources. https://clstr.news/cluster/bnb-chain-claims-4259-share-of-tokenized-stock-market

### 2026-10-16: Binance bStocks and tokenized equities see rapid growth in DeFi

Tokenized equities and real-world assets are surging, with Binance's bStocks hitting $1 billion AUM and Coinbase-issued tokens reaching $262 million in Base DeFi protocols.

7 sources. https://clstr.news/cluster/binance-bstocks-surpasses-1-billion-in-assets-under-management

### 2026-10-13: Binance bStocks surpasses $1 billion in assets under management

Binance’s bStocks platform has surpassed $1 billion in assets under management, driven by a surge in 24/7 tokenized equity trading and $40 billion in cumulative volume.

9 sources. https://clstr.news/cluster/tokenized-stock-trading-grows-outside-us-market-hours

### 2026-10-05: Coinbase leads DeFi deposits for tokenized stocks

Coinbase led major issuers in tokenized stock deposits into DeFi protocols with $5.6 million in a week, outpacing Robinhood and Binance.

2 sources. https://clstr.news/cluster/coinbase-leads-defi-deposits-for-tokenized-stocks

### 2026-10-01: Tokenized stock trading surges on decentralized exchanges

Tokenized stock trading on decentralized exchanges has surged, with Uniswap leading in volume and BNB Chain becoming the first blockchain to exceed $1 billion in tokenized assets.

4 sources. https://clstr.news/cluster/tokenized-stock-trading-surges-on-decentralized-exchanges

### 2026-09-28: Tokenized stocks reach $20.9 billion in 30-day DEX volume

Tokenized stocks reached $20.9 billion in 30-day DEX volume, with Uniswap capturing over 60% of the market. Backpack plans to expand Solana-based tokenized stock access to 10,000 symbols.

5 sources. https://clstr.news/cluster/tokenized-stocks-reach-209-billion-in-30-day-dex-volume

### 2026-09-05: Uniswap V4 leads tokenized stock deposits with $59.1 million TVL

Uniswap V4 leads the DeFi tokenized stock market with $59.1 million in TVL, accounting for a major share of the sector's $192.6 million total deposits.

4 sources. https://clstr.news/cluster/uniswap-v4-leads-tokenized-stock-deposits-with-591-million-tvl

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Cite as: Growth of tokenized stocks in decentralized finance. CLSTR, https://clstr.news/situations/growth-of-tokenized-stocks-in-decentralized-finance
