The platform currently lists 2,649 tokenized stocks. What makes the number particularly striking is that more than half — around 52% — were added within the last 30 days alone, pointing to an explosive acceleration rather than steady organic growth.
Who's Leading the Pack
The largest single tokenized stock is CRCLon, a tokenized version of Circle's shares issued by Ondo Finance, which accounts for just over 10% of the total market — roughly $157 million. In second place sits Strategy's preferred share STRC, representing slightly more than 5% of the market.
Across the space, 11 providers are currently bringing equities onto the blockchain. Two of them dominate almost entirely: Ondo and xStocks together command nearly 90% of total market share, leaving the remaining nine providers to compete for the rest.
Wall Street Steps In
What's changing the nature of this market is the arrival of institutional players from traditional finance. In March, the New York Stock Exchange formed a partnership with Securitize to bring stocks and ETFs onto the blockchain — a signal that tokenization is no longer a crypto-industry experiment but a strategic priority for legacy market infrastructure.
A parallel shift is happening in Europe. In February, Deutsche Börse announced a collaboration with Kraken — the issuer behind xStocks — and launched with five tokenized stocks. Around the same time, German asset manager Deka published a study concluding that the market for tokenized securities is gaining significant momentum.
The direction is clear: tokenized equities have moved well beyond their niche origins in the crypto world. With major stock exchange operators and financial institutions now actively entering the space, competition for tokenized securities market share is set to intensify sharply in the years ahead.
