- Tokenized stocks reached $3 billion, as the overall RWA value hit $38 billion in 2026.
- Q3 posted a rise to $100B in volume for tokenized stock transfers, as opposed to Q1’s $6B.
- There was a 60-day TVL ratio of 6.3%, which suggests an increase in DeFi deployment.
Tokenized stocks have grown rapidly in 2026; Binance Research shows that issuance tells only part of the story. The market crossed $3 billion in September, while transfer activity and DeFi use also increased.
The report, published on September 29, tracks the shift from creating tokenized stocks toward using them across blockchain markets. It examines transfers, decentralized exchanges, collateral, and liquidity pools as measures of actual activity.
Tokenized Stocks Grow Beyond $3 Billion
According to Binance Research and RWA.xyz data, tokenized stocks passed $3 billion in market capitalization during the fourth week of September. The category started the year near $700 million, making the increase more than fourfold.
The wider tokenized asset market reached $38 billion during the same period. Tokenized stocks therefore represent about 8% of the broader market tracked by the report.
Growth accelerated after June, when bStocks entered the market. The product reached about $800 million within four months and accounted for roughly one-quarter of tokenized stock.
The growth also shows that market size doesn’t fully capture usage. A token can add to total market capitalization while recording limited transfers or DeFi activity.
Transfer Activity Shows Stronger On-Chain Use
Transfer data provides a different view of the market. Binance Research reported more than $100 billion in tokenized stock transfers during Q3, compared with about $6 billion in Q1.
That rise points to more tokenized stock moving between market participants. The report also states that bStocks accounted for more than 90% of weekly transfer volume at its early-August peak.
DeFi Use Gives Tokenized Stocks Another Role
Transfer activity is just one indicator of adoption. The other big area of DeFi where tokenized stocks are coming into play is lending markets, collateral positions, and liquidity pools.
Binance Research found that the 60-day DeFi TVL ratio increased from 1.8% to 6.3% during 2026.
Tokenized stocks also recorded a stronger presence on decentralized exchanges. Their DEX ratio moved from almost zero through most of 2025 and early 2026 to an average of 11% in September.
That figure remained below the 17% average recorded for memecoins during September. However, the change shows that tokenized stocks are gaining a larger role in on-chain trading.
Access and Infrastructure Remain Key Hurdles
The gap between issuance and usage remains important for the tokenized stock market. The broader the one can utilize an asset, the more markets are needed to use it by issuing an asset onto the chain.
The regulatory requirements could also influence how the tokens are dispersed and used. These products represent traditional equities, so their on-chain availability can involve restrictions that do not apply in the same way to crypto-native assets.
The data therefore points to a market moving beyond issuance, but adoption remains tied to actual usage. The next phase of tokenized stocks will depend on how much of the growing market can move into trading, collateral, liquidity pools, and other on-chain applications.
Related: Ripple’s Monica Long Says Public Blockchains Will Drive Tokenized Assets
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