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Tokenized equities surge 105% as Wall Street joins the race
Tokenized equity transfers hit $8.41B, up 105% in a month. DTCC plans pilots, exchanges offer pre-IPO access. Figure leads platform growth.
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Tokenized stock transfers rose 105% over the past month to $8.41 billion, according to RWA.xyz data. The jump reflects faster activity in on-chain equity markets as both crypto platforms and traditional finance firms expand tokenized stock products.
Distributed value across the sector climbed 43% to $2.16 billion. The number of holders rose 17% to more than 409,000. That suggests growth came from both transfer activity and new user participation, not just a few large moves.
Figure recorded the fastest growth among major platforms. Its distributed value rose 935% over 30 days. Securitize gained 332%, while xStocks added about 62% during the same period.
Ondo remained the largest tokenized stock platform by distributed value at about $846 million. xStocks followed with about $708 million. Securitize and Figure held about $306 million and $239 million.
DTCC Moves Tokenization Toward 2026 Launch
The Depository Trust & Clearing Corporation said it has brought more than 50 firms into an industry working group to help develop its tokenization service. The group supports testing around tokenized securities and other digital asset use cases.
A related report said DTCC plans tokenized securities pilots before an October 2026 launch. The service follows a December 2025 SEC no-action letter tied to tokenization of select DTC-custodied assets.
The approval covers a defined group of highly liquid assets. These include Russell 1000 stocks, major index ETFs and U.S. Treasury bills, notes and bonds.
The service will run under a three-year framework. DTC participants may use the system to test tokenized record-keeping and transfers on approved blockchain networks, while traditional custody controls remain in place.