Tokenized stocks’ share of total RWA market cap rises to over 15%

A year ago, tokenized stocks barely registered on the real-world asset radar. They accounted for about 1.4% of the total RWA market cap in July 2025. Fast forward to July 2026, and that figure has climbed past 15%, according to data from rwa.xyz. Tokenized equities grew from roughly $2 million in distributed value in June 2025 to approximately $486 million by the end of Q1 2026, then ballooned to somewhere between $2 billion and $2.5 billion by mid-July 2026. What’s driving the surge Tokenized stocks are blockchain-based representations of traditional equities or ETFs. Instead of buying Tesla through a brokerage, you buy a token on Ethereum or Solana that tracks Tesla’s price. Most of these products offer synthetic price exposure rather than full ownership or voting rights. Regulatory developments played a starring role. Nasdaq secured rule approvals in March 2026 that gave institutional players more comfort around tokenized equity products. The Depository Trust & Clearing Corporation scheduled limited production trades in July 2026 as part of a broader rollout plan. On the product side, Ondo built out a portfolio worth approximately $866 million across hundreds of tokenized as...