Tokenised stocks pass $4.63bn, more than four times their level at start of 2026

In short

• Tokenised stocks reached a $4.63bn market value on 28 October 2026, up from under $1bn at the start of the year.
• BNB Chain holds the largest share of tokenised stock value, followed by Ethereum and Solana, per Crypto Briefing.
• Three issuers, Binance bStocks, Ondo Global Markets and xStocks, hold about 81% of the market.
• Stablecoins were worth about $4.63bn in March 2020 and have since grown to roughly $297bn.

Token Terminal figures cited by Crypto Briefing show that tokenised stocks were worth $4.63bn on 28 October 2026, against less than $1bn at the start of the year. That is a rise of more than fourfold in ten months. A tokenised stock is a digital token designed to mirror the price of a share or fund, so it can change hands at any hour through crypto systems rather than wait for a brokerage to open.

The growth has been fast at the end of the run. The sector began 2026 under $1bn and cleared $3bn by early September, Crypto Briefing reported. About eight weeks later it reached $4.63bn. The same Token Terminal figure was posted on X by Token Terminal itself on 28 October, and Cointelegraph and CoinGape repeated it the next day.

Tokenised stocks reach $4.63bn in ten months

The value sits on a handful of chains. BNB Chain holds the largest share of tokenised stock value, followed by Ethereum and Solana, according to Crypto Briefing. BNB Chain's share has ranged from 30% to 47% depending on the snapshot, so its lead looks real but not fixed. At the time of writing (06:56 UTC on 29 October 2026), BNB traded at $750.42, up 0.45% in 24 hours, with a market value of $98.7bn, according to InvestIn.News market data.

BNB Chain leads, Ethereum and Solana follow

Three issuers hold about 81% of the market, Crypto Briefing reported: Binance's bStocks, Ondo Global Markets and Backed Finance's xStocks. Token Terminal put the same three at 81.4% in its post on X. That concentration matters for anyone holding these tokens, because custody of the underlying shares, redemption terms and regulatory treatment all rest with a small number of firms.

Three issuers hold 81% of the market

Most of the money is going into broad exposure rather than bets on single companies. Exchange-traded funds, which trade like shares, account for the biggest slice, with tokenised ETF value put at $700m to $1.1bn by Crypto Briefing. Individual names on the leaderboard include Circle (CRCL), MicroStrategy (MSTR) and SpaceX (SPCX).

The stablecoin comparison and its limits

The comparison doing the rounds is with stablecoins, tokens pegged to a currency such as the dollar. It is Token Terminal's framing rather than a forecast: stablecoins were worth about $4.63bn in March 2020 and have since grown to roughly $297bn, a rise of about 64 times, Crypto Briefing reported. Token Terminal made the same comparison in its post on X, and Cointelegraph repeated it. The parallel has limits: stablecoins gave crypto traders a dollar substitute that lived on-chain, while tokenised stocks are trying to give people blockchain-based access to equity exposure.

Even after that rise, $4.63bn remains a tiny part of the conventional equity markets these tokens mirror, and the total varies with the date used. DigitalX, Mirae Asset's digital-asset platform, valued tokenised stocks across blockchains at $3.58bn on 23 October, a 5.3-fold increase since the year began, and urged South Korea to revise its rules as offshore dealing in tokenised shares of Korean firms, including SK Hynix, expands. The two figures are from different dates.

What market watchers said on X

The milestone prompted comment on X. Cointelegraph (@Cointelegraph) posted that tokenised stocks now have a $4.63bn market value, matching where stablecoins stood in March 2020; stablecoins have since risen 64-fold to $297bn, it said. CoinGape (@CoinGapeMedia) asked whether tokenised equities might be next. Danh Tran (@danhtran68) said BNB Chain takes 36.9% of the tokenised stock market's total value, first among 18 chains, ahead of Solana at 23.8% and Ethereum at 18.6%.

Earlier snapshots show how quickly the numbers have moved. The Moon Show (@TheMoonShow) said on X on 21 October that tokenised stocks had hit a record $4.4bn market cap, with BNB Chain at $1.6bn, Solana at $1.1bn and Ethereum at $841m. Bitinning (@bitinning) said on X on 22 October that the market cap had surged 873% in a year to $4.43bn from $449m, with the top three chains accounting for nearly 78% of the market. CoinMarketCap (@CoinMarketCap) said on X on 26 October that tokenised stocks deposited into DeFi, crypto lending and trading protocols, had passed $300m, up 2,452% over the past year.

The next test is whether the money keeps coming as the market gets bigger. Crypto Briefing noted that BNB Chain's share has swung widely between snapshots, and that the three-issuer concentration leaves holders exposed to how those firms handle redemptions and regulators. The $4.63bn figure is Token Terminal's, and the DigitalX number for 23 October shows how much the total can differ depending on the day and the measure.

Questions readers ask

How big is the tokenised stocks market in 2026?

Tokenised stocks reached a market value of $4.63bn on 28 October 2026, according to Token Terminal data cited by Crypto Briefing. That is up from under $1bn at the start of 2026, more than a fourfold rise. DigitalX put the figure at $3.58bn as of 23 October, showing how much the total can vary by date and measure.

Which blockchain holds the most tokenised stocks?

BNB Chain holds the largest share of tokenised stock value, followed by Ethereum and Solana, according to Crypto Briefing. Danh Tran said on X that BNB Chain accounts for 36.9% of the market, with Solana at 23.8% and Ethereum at 18.6%. Crypto Briefing noted BNB Chain's share has ranged from 30% to 47% between snapshots.

Who issues most tokenised stocks?

Three issuers hold about 81% of the tokenised stocks market, according to Crypto Briefing: Binance's bStocks, Ondo Global Markets and Backed Finance's xStocks. Token Terminal put the same three at 81.4% in a post on X. That concentration leaves holders exposed to how a few firms custody assets and handle redemptions.

Why are tokenised stocks compared with stablecoins?

Stablecoins were worth about $4.63bn in March 2020, the same level tokenised stocks reached on 28 October 2026, according to Crypto Briefing. Stablecoins have since grown to roughly $297bn, about 64 times. Crypto Briefing noted the two solve different problems: stablecoins give traders a dollar substitute, tokenised stocks give blockchain access to equities.

Our view

At InvestIn.News, we see the $4.63bn print as a genuine milestone for tokenised equities, not merely a passing narrative. The fourfold rise since the start of 2026 is real money moving on-chain, and the fact that BNB Chain now leads Ethereum and Solana shows the market is settling on a few public chains rather than staying Ethereum-only.

The scale still demands perspective. At $4.63bn, tokenised stocks remain a sliver of the traditional equity markets they reference, and three issuers, Binance bStocks, Ondo Global Markets and xStocks, hold about 81% of the total. That concentration puts custody, redemption terms and regulatory exposure in very few hands.

The stablecoin comparison is the weakest part of the story. Stablecoins solved a specific problem for crypto traders and grew to roughly $297bn; tokenised stocks are chasing equity exposure, a different market with different rules. The figure itself also moves: DigitalX put the total at $3.58bn on 23 October.

We would treat the milestone as confirmed when the $4.63bn level holds across independent trackers and more than one snapshot, and when the issuer base widens beyond the current three.

— Ishu Aggarwal

Follow the latest short updates on Stablecoins NewsFeeds.

Ishu Aggarwal

What to watch: The $4.63bn level is Token Terminal's figure for 28 October, and the next snapshots will show whether it holds.