Tokenized stocks surpass $3B in onchain market cap

Tokenized stocks, the blockchain-native wrappers around traditional equities, have crossed the $2.6 billion mark in onchain market capitalization. That figure was sitting around $329 million just a year ago. For anyone keeping score, that’s roughly a fivefold increase in twelve months. The trajectory has been steep and consistent. The market cap climbed from about $1.7 billion at the end of June 2026 to approximately $2.28 billion by early August, and the latest Token Terminal data now places it above $2.6 billion. At this pace, analysts project the total could approach $4 billion before the year is out. Trading volumes tell the bigger story June 2026 saw spot trading volumes in onchain tokenized equities surge past $3.8 billion. That’s not annual volume. That’s a single month. Tokenized SpaceX shares were a major driver of the activity, offering investors exposure to a company that remains private in traditional markets. Cumulative tokenized stock volume on Solana alone surpassed $10 billion by June 2026. That makes Solana the clear frontrunner in the digital equities race, processing the majority of peak trading volume. The blockchain’s speed and low transaction costs have made i...