Stock tokenization skyrocketed 50 times in one year, how does xStock monopolize 60% of the market?

The stock tokenization sector is experiencing explosive growth. According to the latest news, the total market capitalization of stock tokenization has surpassed $1 billion, a more than 50-fold increase over the past year. Among them, xStock accounts for over $600 million in market cap, holding 58.3% of the market share, becoming the absolute market leader. Meanwhile, Ondo Global Markets has also performed well on BNB Chain, with a market cap exceeding $50 million, and combined share on Ethereum reaching 39%.

Market Landscape Set, but Competition Intensifies

From the market distribution, although the number of participants in stock tokenization is limited, the differentiation is clear:

xStock’s absolute advantage stems from its early market entry and product diversity. According to relevant information, xStock’s tokenized US stock products (such as GOOGLX) performed excellently in 2025, with a 107% increase. Ondo’s rapid growth is attributed to its focused deployment on BNB Chain, while maintaining a stable market position on Ethereum.

From Experiment to Application, Multi-Chain Ecosystem Becomes a New Trend

More noteworthy is that stock tokenization is evolving from niche experiments into mainstream applications. Exchange-level deployments reflect this shift: Bybit took the lead in 2025 by trading RWA tokens and xStocks products on CEX, providing users with 24/7 on-chain US stock trading opportunities. This breaks the time restrictions of traditional securities markets, allowing investors to trade tokenized stocks just like cryptocurrencies.

More importantly, stock tokenization is no longer concentrated on Ethereum. According to the latest data, Solana’s RWA ecosystem reached a historic high of $873 million in early January 2026, a 10% increase from December. Notably, tokenized stocks like Tesla xStock ($48.3 million) and Nvidia xStock ($17.6 million) contributed significantly to this growth. This indicates that a multi-chain competitive landscape is forming, with Solana leveraging its high throughput and low fees to become the third-largest RWA chain after Ethereum and BNB Chain.

Why is the growth so rapid?

Several core drivers fuel this sector’s explosion:

• Institutional entry: Traditional financial giants like BlackRock launching USD fund products on Solana endorse the entire ecosystem
• User demand: 24/7 trading, lower entry barriers, and higher liquidity attract a large number of investors
• Exchange support: Leading CEXs like Bybit and Bitget actively deploying to accelerate liquidity building for tokenized assets
• Technological maturity: Infrastructure on various public chains can now support large-scale RWA trading

Risks and Opportunities Coexist

It’s important to note that the regulatory status of stock tokenization remains unclear in many jurisdictions. Whether this sector can sustain rapid growth largely depends on the evolution of regulatory frameworks. However, current trends suggest that bringing traditional assets onto the chain is inevitable, and institutional participation adds to the compliance outlook.

Summary

Stock tokenization has transformed from a marginal experiment into a $1 billion market, achieving 50x growth in just one year. This not only reflects the attractiveness of crypto assets but also indicates the inevitable trend of digitizing traditional financial assets. While xStock’s market dominance may be difficult to shake in the short term, the rapid growth of emerging chains like Solana suggests the market landscape could further evolve. For investors, the key is to monitor regulatory developments and application scenarios rather than blindly chasing high prices.