TLDR
- Tokenized equities hit a record $3.8 billion, up 590% since the start of 2026, per The Kobeissi Letter.
- The sector has posted ten straight weeks of new highs.
- About 70% of tokenized asset trading on Jupiter happens outside regular market hours.
- The NYSE plans a 24/7 tokenized stock platform, pending regulatory approval.
- RWA.xyz tracked about $3.69 billion in tokenized stock value as of November 3.
The circulating supply of onchain tokenized equities has reached a record $3.8 billion. That is a 590% increase since the start of 2026, according to market commentary platform The Kobeissi Letter.
The sector has recorded ten straight weeks of new highs. The figure points to rising interest in putting traditional financial assets on blockchain networks.
In a November 2 post on X, The Kobeissi Letter described tokenization as the biggest bull market in crypto. It said financial markets are moving toward blockchain infrastructure.
Tokenization is the biggest bull market in crypto.
The total circulating supply of onchain tokenized equities just hit another record high, at $3.8 billion.
This metric has now reached a new record high for 10 consecutive weeks, up +590% year-to-date.
It has become… pic.twitter.com/i8kdIfducy
— The Kobeissi Letter (@KobeissiLetter) November 2, 2026
The new numbers come as major institutions work on tokenized securities. These include the New York Stock Exchange (NYSE), which is building plans for round-the-clock trading.
Tokenized Stocks Draw Demand for 24/7 Trading
Tokenization turns assets such as stocks, bonds and investment funds into digital tokens on a blockchain. Traditional stock markets run in fixed sessions. Blockchain platforms can stay open all day and night.
That flexibility appears to be driving adoption. The Kobeissi Letter said about 70% of tokenized asset trading on Solana-based platform Jupiter now happens outside traditional market hours.
Earlier research showed similar patterns on other networks. More than 70% of tokenized stock trading on BNB Chain took place outside regular US market hours. The share was 63% on Solana and nearly 60% on Base.
Jupiter has also seen strong growth in activity. In October, the platform reported a 215% quarter-on-quarter rise in tokenized equity trade count.
Data from RWA.xyz shows a similar picture. As of November 3, the analytics platform tracked about $3.69 billion in distributed tokenized stock value. Ondo Global Markets, xStocks and bStocks account for large parts of that total.
That number differs slightly from the $3.8 billion cited by The Kobeissi Letter. Both datasets show strong growth in tokenized equities during 2026.
Wall Street Firms Move Stocks Onchain
Traditional financial firms are taking notice. In January, the NYSE announced plans for a platform supporting 24/7 trading and onchain settlement of tokenized US-listed stocks and exchange-traded funds.
The planned system would offer fractional share trading, instant settlement and stablecoin-based funding. It would pair the NYSE’s current trading technology with blockchain-based settlement. The plan still needs regulatory approval.
Robinhood is also expanding its tokenization efforts. CEO Vlad Tenev has described the trend as the start of a broader tokenization supercycle.
In August, digital asset exchange Bullish announced transactions involving tokenized versions of its own shares. The move showed how blockchain systems could support regulated equity trading.
Grayscale published research in September on weekly tokenized equity spot trading volume. It said volume had approached $3 billion during August.
The asset manager also said little tokenized equity value was being used in decentralized finance applications. That suggests trading access is the main draw for now.
The report listed several challenges. They include regulatory uncertainty, split liquidity and differences between tokenized products and direct share ownership.
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