Tokenized stocks hit a record $2.3B market cap in mid-July 2026, led by Ondo Finance, Kraken xStocks, and Binance bStocks across Ethereum, BNB, and Solana.

Token Terminal data shows tokenized-stock DEX volume at a $1.8B 90-day sum and lending TVL at $23.1M, led by QQQ, SPY, xStocks and Kamino on Solana and BNB Chain.

Tokenized stocks grew 5x to $1.7 billion in market cap as issuance, transfer volume, and Wall Street adoption accelerated over the past year.