Via investopedia.com
Tokenized equities reach $9B in onchain trading volume this year, up 800% from January
More than half of tokenized stock trades are happening when Wall Street is closed, signaling a fundamental shift in how investors access traditional markets.
The stock market used to have opening and closing bells. Tokenized equities are making those bells increasingly irrelevant.
Onchain trading volume for tokenized equities has hit $9 billion year-to-date in 2026, according to Blockworks data. That’s an 800% increase from roughly $1 billion at the start of the year.
Perhaps more telling than the raw volume: 55% of that trading activity is happening outside traditional US market hours.
The platforms driving the boom
July 2026 alone set a single-month record of $11.3 billion in tokenized equity trading volume.
Binance’s bStocks platform accounted for roughly 83% of July’s volume, or about $9.41 billion. The bulk of that was driven by trades of a tokenized QQQ ETF.
On the decentralized side, Jupiter on Solana has emerged as a key venue for after-hours trading.
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Solana’s broader ecosystem has been a major beneficiary. Cumulative onchain equity transfer volumes on the network surpassed $10 billion by the end of June 2026. In the first half of the year alone, Solana processed $4.9 billion in tokenized equity volume, representing a 6x increase from the second half of 2025.
Market cap tells the same story
The total market capitalization of tokenized equities has climbed to approximately $2.4 billion, up about 250% year-to-date from $684 million in January, according to RWA.xyz data.
Why after-hours trading matters more than you think
The 55% after-hours figure deserves a closer look. Traditional US equity markets operate from 9:30 a.m. to 4:00 p.m. Eastern, with limited pre-market and after-hours sessions that come with wider spreads and thinner liquidity.
The concentration of volume on a handful of platforms does raise legitimate questions. When one platform handles 83% of monthly volume, the ecosystem is functionally dependent on that single venue’s uptime, liquidity, and compliance posture.
Liquidity fragmentation is the flip side of the same coin. Tokenized stocks trading on Solana, Ethereum, and centralized platforms like Binance don’t share order books. A tokenized Tesla share on Jupiter isn’t fungible with one on bStocks, which creates pockets of thin liquidity even as aggregate volume soars.