Tokenized stocks dominate onchain trading, accounting for 99%
Summary
Tokenized stocks issued outside the U.S. have surged, accounting for 99.3% of the $14.4 billion traded on-chain in the past 30 days. This trend highlights the growing appeal of tokenization, particularly as a recent IMF analysis indicated that more than half of the tokenized U.S. stock trading has been conducted outside regular market hours, demonstrating the demand for 24-hour trading access. Currently, tokenized equity products on public blockchains primarily target non-U.S. investors, while broader access for U.S. retail investors hinges on future regulatory changes.
Analysis
tokenized stocks: Tokenized stocks are blockchain-based representations of equity exposure that can trade continuously, support fractional ownership, and reach investors outside traditional market hours. The news highlights that offshore-issued products dominate recent onchain trading, while recent analysis finds strong after-hours and retail demand but also greater volatility and lower liquidity than conventional shares. U.S. access: Tokenized equity products on public blockchains generally remain aimed at non-U.S. investors, with broader U.S. retail access dependent on further regulatory developments. Trading hours: Recent IMF analysis found that more than half of sampled tokenized U.S. stock trading occurred outside regular U.S. market hours, underscoring 24-hour access as a key attraction. Market concentration: Ondo Finance and Backed Finance's xStocks account for more than 70% of tokenized equity value in the recently analyzed market.
Categories
rwacryptodefion_chain_whale
Related sources
- https://finance.yahoo.com/markets/crypto/articles/most-tokenized-stock-trading-happens-093807122.html
- https://cryptoslate.com/imf-finds-over-half-of-tokenized-us-stock-trading-happens-after-wall-street-closes/
- https://finance.yahoo.com/markets/crypto/articles/tokenized-stocks-show-real-demand-171103858.html
- https://blockchainreporter.net/what-are-tokenized-stocks/
- https://en.bloomingbit.io/feed/news/122158
- https://www.altcoinbuzz.io/imf-finds-most-tokenized-us-stock-trading-happens-after-hours
- https://www.coindesk.com/business/2026/10/11/imf-finds-demand-for-tokenized-stocks-says-the-market-is-still-volatile-illiquid
- https://www.spendnode.io/blog/imf-tokenized-stock-trading-off-market-hours-october-2026/
- https://frnt.substack.com/p/examining-tokenized-stocks
- https://www.coindesk.com/research/the-future-of-equity-ownership-an-issuer-s-guide-to-tokenized-equities