The circulating supply of tokenised equities has reached a record US$3.8 billion, extending a run of weekly highs as interest grows in blockchain-based access to traditional financial assets.
The figure represents a 590 per cent increase since the start of 2026, with the total setting a new record for 10 consecutive weeks, according to figures cited by The Kobeissi Letter.
The growth comes amid increasing demand for markets that operate beyond the trading hours of traditional stock exchanges. Tokenised equities use blockchain technology to represent shares or provide exposure to them, allowing trading and settlement through digital asset infrastructure.
Data cited in recent market reports indicates that a large share of tokenised stock trading takes place outside conventional US market hours. Jupiter, a major trading platform on the Solana blockchain, has reported strong activity in tokenised assets, although trading patterns vary across networks.
Traditional financial institutions are also developing infrastructure to support the market. The New York Stock Exchange announced in January that it was developing a platform for trading and on-chain settlement of tokenised securities, with plans for round-the-clock trading, fractional shares and faster settlement, subject to regulatory approval.
More recently, its parent company, Intercontinental Exchange, announced plans to bring perpetual futures markets linked to cryptocurrencies, equities, commodities and other assets into the United States through a partnership with Trade[XYZ]. The proposed market would require regulatory approval.
However, the expansion of tokenised assets also raises questions about investor protections, ownership rights, liquidity and regulation. The rights attached to a token can vary depending on how it is structured, with some products representing direct share ownership while others provide only economic exposure to an underlying asset.
The latest supply figures point to growing interest in bringing traditional financial assets onto blockchain networks. Whether that growth develops into a widely adopted alternative to conventional markets will depend on regulation, market safeguards and the ability to provide reliable liquidity.
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