The total market for tokenized stocks is valued at approximately $3.7–3.8 billion. According to data from Token Terminal as of October 17, 2026, only 10.7% of this market consists of issuer-sponsored shares, which provide direct equity rights like voting and dividends.
The remaining 89.3% of the market is composed of synthetic tokens, including wrappers and Special Purpose Vehicles that track stock prices without granting direct ownership. Major players in the synthetic sector include Ondo Global Markets and Binance’s bStocks.
Custody services for the sector are highly concentrated, with Alpaca acting as custodian for approximately 83.5% of the total tokenized stock market. This includes synthetic products issued in offshore jurisdictions.
Securitize is currently the most active firm in the issuer-sponsored segment. In the 30 days leading up to late September 2026, the company added over $250 million to the market capitalization of tokenized stocks.
On October 8, 2026, Securitize launched its Convertible Entitlement Token (CET) program on the Solana blockchain. The initial assets include Apple, Microsoft, Nvidia, and Circle, with the firm partnering with Computershare to manage shareholder records.
