Tokenized stock value hits $5 billion as institutions expand on-chain listings

The market for tokenized stocks has expanded rapidly, with total value rising from $3.75 billion to nearly $5 billion in a matter of days. This spike was largely driven by a single mint of over $1 billion in Marvell stock on Binance. Brian Armstrong, CEO of Coinbase, stated that all assets are moving on-chain and that the company is building the best version of stocks, not just tokenized stocks. Armstrong emphasized that Coinbase is creating the best version of stocks, period, rather than merely a tokenized variant.

Major industry players are actively expanding their tokenization services to capture this growth. Ondo, Xstocks, Securitize, and Robinhood are all broadening their offerings, while the Depository Trust & Clearing Corporation has launched its own tokenization services. A large public exchange is also selling tokenization upgrades to non-crypto public companies to expand their stock listings to more jurisdictions. Analysts project that the tokenized stock market could reach $100 billion within a year. This growth is expected to significantly increase the total addressable market for decentralized finance protocols like Aave and Uniswap by adding hundreds of billions in real-world assets to on-chain liquidity. Analysts view this rapid adoption as a bullish catalyst for the broader crypto ecosystem, arguing that real assets will drive sustainable volume and liquidity for decentralized exchanges.