Tokenized stocks are approaching the $1 billion mark, underscoring how real-world asset (RWA) tokenization is moving beyond pilots and into a rapidly developing segment of crypto market infrastructure.
A new report from Sentora and DL Research found that tokenized stocks reached approximately $963 million in market value in January 2026, representing a year-over-year increase of nearly 2,878% from just $32 million a year earlier.
The increase reflects growing demand for blockchain-based access to traditional financial assets, as companies increasingly explore tokenization as a way to improve settlement efficiency, expand market access and create always-on financial products. Tokenized stocks, in particular, have become one of the most visible examples of RWAs expanding beyond private credit and Treasury bills into more conventional instruments.
Even so, the market remains highly concentrated. The report shows that Ondo Global Markets has the largest share, accounting for more than half of the value of tokenized capital, with xStocks and Securitize accounting for most of the rest.
The dominance of a few issuers highlights both the nascent nature of the sector and the importance of regulated issuance frameworks.
Much of the momentum has been driven by improvements in institutional pathways. While Ethereum remains the primary settlement layer for tokenized stocks, other chains like Solana are gaining traction as platforms seek cheaper and faster transaction environments.
Regulatory developments in the United States also appear to be helping shape the next phase of growth. The report points to December 2025 as a key period, citing new SEC guidelines on broker-dealer custody and a DTCC no-action letter linked to a tokenization pilot, both of which indicate greater commitment from traditional market infrastructure providers.
With tokenized stocks approaching $1 billion, the sector is becoming a bellwether for how quickly RWAs can scale and the extent to which institutional adoption may depend on regulation, custody and market structure catching up with blockchain innovation.
