As of mid-September 2026, the total value of distributed tokenized equities reached approximately $2.93 billion. Major issuers, including Ondo, Kraken’s xStocks, and Binance bStocks, control about 81% of this market.
These assets are primarily managed through offshore special purpose vehicles (SPVs) located in three jurisdictions: Jersey, the British Virgin Islands (BVI), and the Abu Dhabi Global Market (ADGM) in the UAE.
Jersey holds the largest market share by value, accounting for approximately 27.4% of the market, or $651.4 million. The BVI leads in the number of issuances, having recorded 305 tokenized securities as of June 2026.
The ADGM in the UAE has become a center for exchange-sponsored products, such as Binance bStocks, which launched in June 2026. The jurisdiction attracts institutional players due to its English common law framework.
Single stocks represent 81% of the total tokenized equity supply, significantly outpacing ETFs. Meanwhile, the broader tokenized real-world asset (RWA) market has grown by approximately 390% year-to-date.
