According to The Block Research, tokenized equities reached 3.77 million onchain holders by September 2026, accounting for approximately 82% of the total RWA holder base. By late October, the number of holders grew to 5.3 million, representing 82.9% of the 6.4 million total RWA users.
The onchain value of tokenized stocks rose from $678 million at the start of 2026 to a peak of $3.15 billion in September. During the same period, the total onchain RWA market reached a peak of $39.3 billion, which is nearly four times the value recorded at the beginning of 2025.
Growth in the sector is primarily driven by platforms such as Binance’s bStocks, Robinhood, and xStocks, which is associated with Kraken. The distribution of these assets is concentrated on BNB Chain, Solana, and Robinhood Chain.
The research indicates that tokenized stocks are largely supported by retail interest. While these assets dominate in terms of the number of holders, they represent a modest fraction of the total $39.3 billion RWA market value.
