Tokenized Stocks Surge to $1.2B as Onchain Equities Gain Momentum
Summary
Demand for tokenized equities is accelerating, pushing the combined market capitalization of tokenized stocks to a record $1.2 billion, according to Token Terminal data. This growth suggests tokenized stocks are an early indicator of broader blockchain adoption, likened by Token Terminal to stablecoins in their infancy in 2020. Industry insiders see potential for global equities to move onchain, benefiting from faster settlement and 24/7 trading. This momentum is supported by institutional activity, including Backed Finance launching xStocks on Ethereum, Securitize planning compliant onchain trading, and Ondo Finance aiming for tokenized US stocks on Solana by 2026. Furthermore, Coinbase is moving toward offering stock trading, and Nasdaq has filed with the SEC to offer tokenized stocks, viewing tokenization as a top strategic priority to bring the technology mainstream.
(Source:Cointelegraph)