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Growth of tokenized stocks in decentralized finance

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2026-10-23 10:22 UTC → 2026-10-25 23:41 UTC · added ~~removed~~

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. On Binance’s bStocks platform, issued under the ~~regulatory front,~~ 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 ~~SEC issued temporary, conditional exemptions on September 17~~ total outstanding value. On-chain data indicates a shift toward utilizing these assets for ~~certain Tokenized Securities Venues (TSVs) and liquidity providers to trade eligible tokenized NMS~~ more than just trading; Coinbase-issued stocks ~~within permissioned environments.~~ 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).

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