The amount of value locked in tokenized stocks rose from $995 million to $1.6 billion in May.
In the last month total value locked (TVL) for tokenized stocks surged by about 60%, surpassing $1.6 billion. This jump follows a move from a $30 million niche in May 2025 to mainstream daily trading. The rise outpaced other on‑chain assets, even displacing commodities whose TVL fell to $7 billion. Analysts forecast tokenized stocks could reach $10 billion in TVL by the end of 2026. Liquidity remains uneven; while issuance is established, predictable depth is scarce. BNB Chain currently offers the deepest pools for tokenized assets, ahead of Ethereum despite the latter hosting more token types. Hyperliquid’s HIP‑3 protocol enables custom markets and perpetual futures, attracting directional traders. Regulatory uncertainty and ownership ambiguities still curb broader adoption. Crypto‑native platforms dominate the space. Ondo, Solana’s XStocks, and other DeFi venues have become the primary sources of liquid tokenized shares, while attempts on Arbitrum saw limited traction. These platforms also support DeFi lending and futures on real‑world assets, tapping over $800 billion of RWA volume. Continued growth depends on solving liquidity gaps and regulatory clarity.























