The market value of tokenized stocks hit a record $2.3 billion, Cointelegraph reported on July 16 local time.

An analysis said demand for blockchain-based stock products is rising as cryptocurrency exchanges roll out tokenized stock offerings one after another.

By network, Ethereum had the biggest share at 34 percent, based on Token Terminal data. BNB Chain followed at 30 percent, with Solana at 23 percent.

Growth was led by exchange products. Kraken's xStocks stood at $507 million, while Binance's bStocks totalled $334 million. Ondo Finance issued $955 million of on-chain stocks, keeping its position as the largest tokenized stock issuer.

Exchanges are expanding the shift of traditional investment products to blockchain. In the process, more cases are emerging in which access to assets is widened for investors outside the United States. Tokenized stocks are also characterised by fractional ownership and 24-hour trading.

Binance began fee-free trading for more than 7,000 tokenized U.S. stocks for eligible users on June 1. Coinbase enabled U.S. stocks and ETFs to be traded fee-free 24 hours a day, five days a week in December 2025.