
Crypto exchanges are pushing further into tokenized stocks, commodities and precious metals as competition from decentralized platforms and traditional brokerages intensifies.
The market capitalization of tokenized traditional assets on major crypto exchanges rose to $6.6 billion in June 2026 from $1.4 billion in January 2025, according to a CoinGecko study covering Binance, OKX, Bybit, Bitget, Gate and MEXC. The report said early growth was driven mainly by tokenized precious metals before expanding into U.S. equities, with U.S. stock perpetual futures overtaking precious metals by mid-2026 in both trading volume and open interest. Perpetual futures account for most activity while spot markets remain comparatively small, reflecting traders’ preference for leveraged products and exchanges’ ability to list perpetual contracts without issuing or custodying the underlying tokenized assets. CoinGecko said centralized exchanges are expanding beyond digital assets as they face rising pressure from decentralized exchanges and traditional brokerages such as Robinhood that are broadening their digital asset offerings. The report adds to a wider industry push toward tokenization, with Standard Chartered projecting in June that tokenization could help expand decentralized finance into a $2.7 trillion market by 2030 and Bernstein estimating the broader tokenization market could reach $4 trillion by the end of the decade.