Global market for tokenized stocks has grown more than ninefold over past year
Ринки 09.11.2026 19:43
The total value of tokenized stocks and exchange-traded funds worldwide reached $3.91 billion as of September 30, 2026, an increase of 842% year-over-year. These figures are presented in a study by CoinShares and Token Terminal, published on November 5.
According to the Hybrid Finance Q3 2026 Update report, tokenized stocks have become one of the fastest-growing segments of the digital financial instruments market.
By comparison, over the same period, the value of tokenized commodity assets increased by 267%, while that of tokenized investment funds rose by 97%.
Tokenized stocks are blockchain-based digital instruments whose value is tied to the shares of public companies or traditional exchange-traded funds.
However, the structure of investor rights depends on the specific issuer and the legal model of the instrument. Ownership of a token does not always imply direct ownership of the corresponding stock.
According to the study, approximately 87.2% of the value of tokenized stocks is linked to U.S. securities and ETFs.
At the same time, approximately 85.4% of these instruments are issued under terms that exclude U.S. investors.
This indicates high demand from foreign investors who are interested in gaining access to the U.S. stock market through blockchain infrastructure.
The number of issuers with tokenized shares exceeding $1 million increased from 10 to 25 over the course of the year.
At the same time, the number of underlying shares and ETFs with a tokenization volume exceeding $1 million rose from 83 to 172.
The number of tokenized instrument holdings on the blockchain reached 4.88 million, an 8.5-fold increase compared to the end of June 2026.
At the same time, CoinShares analysts point to the high concentration of the market.
According to the study, the U.S. brokerage firm Alpaca Securities provides custody for the underlying securities, which account for 81.3% of the value of tokenized stocks.
Although this figure has decreased from 94.6%, the dependence of a significant portion of the market on a single infrastructure provider remains a substantial operational risk.
Analysts also note that the further development of tokenization will depend on the stance of U.S. regulators and the ability to use such instruments within the traditional financial infrastructure.
Even after rapid growth, the tokenized equity segment remains relatively small compared to the global securities market.
According to CoinShares, foreign investors hold approximately $24.3 trillion in U.S. stocks, while the value of tokenized instruments accounts for only a small fraction of that amount.
