The sector grew from $2.23 billion at the start of the year, becoming the fourth-largest RWA asset class as Kraken, Bybit and Binance rolled out new stock-linked products.
Tokenized stocks' market capitalization climbed from $2.23 billion at the start of the year to $5.5 billion, ranking the segment as the fourth-largest RWA (real-world asset tokenization) asset class. The expansion comes as major crypto exchanges broaden stock-linked offerings: Kraken and Bybit plan to offer SpaceX IPO access natively on-platform, while Binance provides stock perpetuals to non-U.S. users. The developments point to growing demand for blockchain-based exposure to traditional equities and private-market themes through crypto trading venues.