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Tokenized Stocks Surpass $1 Billion in On-Chain Value, Led by Ondo Finance and Backed Finance

Tokenized Stocks Surpass $1 Billion in On-Chain Value, Led by Ondo Finance and Backed Finance

Tokenized stocks have surpassed $1 billion in on-chain value, with Ondo Finance leading the market, holding 58%, followed by Backed Finance’s xStocks platform at 24%.

ONDO

Fact Check
The statement is accurately supported by primary data providers (RWA.xyz) and major financial news outlets (Cointelegraph). The specific market share percentages (58% for Ondo and 24% for xStocks) match the reported data exactly as of March 10, 2026.
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Summary

The total on-chain value of tokenized stocks has surpassed $1 billion, with Ondo Finance leading the market at 58%, followed by Backed Finance’s xStocks with 24%. This growth reflects increasing adoption of tokenization, as traditional financial instruments move to decentralized systems for better accessibility and transparency.

Terms & Concepts
  • Tokenization: The process of converting real-world assets, such as stocks or bonds, into digital tokens recorded on a blockchain.
  • On-chain: Transactions or data that are recorded directly on a blockchain network, ensuring transparency and immutability.
  • RWA (Real-World Assets): Physical or traditional financial assets, such as real estate or equities, represented digitally on blockchain systems.