The market for tokenized stocks reached a record $2.3 billion in market capitalization in mid-July, according to Token Terminal data, nearly doubling since March, when the sector first cleared $1 billion — and the growth is showing up across every major issuer at once.

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

Tokenized ETFs hit an all-time high market cap of $526.4M, with Ethereum commanding 62.2% market share as Ondo Finance drives sector growth.