Tokenized Stocks Fuel Growth in On-Chain Trading

Tokenized versions of stocks like NVDA) are growing faster than other categories of real-world assets moving onto blockchains, according to a recent report from CoinShares and Token Terminal. The tokenized stock market itself remains small next to traditional stock exchanges.

• Tokenized stocks are growing faster than any other real-world asset category on-chain.
• On-chain derivatives tied to real assets jumped to about a third of trading volume.
• Retail investors are adopting tokenized stocks faster than institutional products.

Only about $2.2 billion in tokenized equities exists against a global stock market worth more than $100 trillion. The report compares that gap to where dollar-pegged stablecoins stood in 2019, shortly before that market expanded rapidly.

That backdrop frames the growth data: trading and derivatives activity tied to real-world assets kept climbing even as broader crypto markets cooled.

On-chain perpetual futures tied to real-world assets made up a negligible share of total trading volume a year ago. That share climbed to about a third in three quarters, per data in the report. Perpetual futures let traders gain leveraged exposure to an asset’s price without owning it directly, similar to a futures contract that never expires.