Tokenized equities approach $1B as institutional rails emerge

The tokenized equities market has rapidly grown to nearly $1 billion, marking a nearly 30x increase over the past year, fueled by platforms like Ondo Global Markets, Backed Finance (Kraken), and Securitize, which together control over 93% of the market share. This growth is significantly faster than tokenized treasuries, reflecting more speculative and access-oriented investor flows, evidenced by a high volume-to-AUM ratio near 3x. Ethereum leads in asset hosting, but Solana is gaining traction. Crucially, regulatory developments in December 2025, including the SEC authorizing a DTCC pilot for tokenized assets and clarifying custody rules for broker-dealers, are paving the way for traditional finance infrastructure to integrate with blockchain settlement. International expansion, such as Ondo's approval across the EEA, further supports future growth, which analysts forecast could reach $20 billion to $190 billion by the end of the decade if current momentum continues.

(Source：CryptoSlate)