Tokenized Shares Surpass $1 Billion as Ondo and xStocks Lead Market

Tokenized shares have surpassed $1 billion in whole worth on-chain, marking a brand new milestone for the fast-growing real-world asset (RWA) sector.

Information from RWA.xyz reveals the worth of tokenized equities climbing previous the $1 billion mark, as platforms providing blockchain-based publicity to conventional shares appeal to extra buying and selling exercise and liquidity.

A lot of that exercise is concentrated amongst a small variety of gamers. RWA.xyz knowledge and a report launched Tuesday by Foresight Ventures present Ondo as the most important tokenized inventory platform by worth, whereas xStocks merchandise account for one more vital share of the market.

On Tuesday, Foresight Ventures launched a report arguing that the market is consolidating round these early leaders, citing regulatory boundaries, liquidity benefits and differing tokenization fashions as key components shaping competitors within the sector.

Tokenized shares kind an early duopoly

RWA.xyz knowledge reveals that Ondo holds roughly 58% of the market, whereas tokenized inventory merchandise issued below the xStocks platform account for about 24%, forming an early duopoly within the sector.

Alice Li, an funding accomplice at Foresight Ventures, advised Cointelegraph that the early leaders gained an edge by making clear structural selections round liquidity, authorized frameworks and distribution.

“Constructing one in all these platforms requires liquidity infrastructure, multi-jurisdiction authorized rights, and DeFi composability, and people three issues pull towards one another,” Li advised Cointelegraph.

Li stated Ondo and xStocks bought to the place they’re as a result of they “made a transparent architectural guess early and constructed deep round it.”

Associated: Tokenized RWAs climb 13.5% regardless of $1T crypto market drawdown

Market focus just isn’t distinctive to tokenized equities. In a put up on X, DeFiLlama founder 0xngmi stated income throughout a number of DeFi sectors is more and more flowing to the highest two platforms.

He cited knowledge from the analytics platform exhibiting comparable patterns in stablecoins, derivatives and decentralized exchanges.

Tokenized property proceed to broaden throughout crypto markets

The expansion of tokenized equities comes amid broader momentum in blockchain-based RWAs.

In accordance to RWA.xyz knowledge, the whole worth of tokenized RWAs excluding stablecoins has climbed to roughly $26 billion, reflecting rising demand for blockchain-based representations of conventional monetary devices.

On Feb. 26, the tokenized US Treasury market surpassed $10.8 billion in market capitalization. On the time of writing, the sector’s general worth is at $11.13 billion, indicating continued development.

Buying and selling exercise has additionally accelerated for tokenized RWAs. On March 6, buying and selling volumes in tokenized shares and exchange-traded funds routed by way of the 1inch aggregator’s integration with Ondo exceeded $2.5 billion for the reason that partnership launched in September 2025.