Tokenized equities are drawing a rapidly growing onchain user base, with blockchain addresses holding stock-linked assets climbing sharply in recent weeks. Data cited in the latest market update showed 759,000 addresses held onchain equities in late July, marking a record and reflecting 92% growth over 30 days and a 522% increase since the start of 2026.
A broader view from RWA.xyz, which also counts tokenized exchange-traded funds, put the market at nearly 967,000 holders and $2.16 billion in distributed value as of Aug. 3. The rise points to stronger interest in blockchain-based access to equities, though the headline wallet counts do not settle ongoing questions about liquidity, ownership rights and how deep the secondary market really is.
Wallet growth accelerates
The recent increase has pushed tokenized stocks closer to the symbolic threshold of 1 million holders. Market commentator Kobeissi described the trend in simple terms, saying that growth in tokenized assets is "exploding."
At the same time, the reported totals refer to blockchain addresses rather than verified individual investors. A single investor may control multiple wallets, while a custodial wallet can aggregate assets for many customers. That means the number of addresses should not be treated as a one-to-one count of unique users.
Trading demand extends beyond Wall Street hours
Part of the appeal appears to be round-the-clock access. Jupiter reported that monthly tokenized-equity volume executed during evenings, weekends and other hours when Nasdaq and the New York Stock Exchange are closed has risen 360% so far this year.
According to the platform, more than 65% of its tokenized-stock activity now takes place outside regular U.S. market sessions. The pattern suggests that traders are using blockchain-based products to react to company-specific developments without waiting for the next opening bell.
Chip-related names have reportedly drawn particular interest, especially around semiconductor and memory companies such as Nvidia, Micron Technology and SK Hynix. In that sense, tokenized shares are being used as a way to maintain market exposure when traditional venues are unavailable.
Enthusiasm meets structural questions
The growth has encouraged bullish messaging across the sector. Ondo Finance summed up that optimism in a short post declaring that the era of tokenized stocks has arrived.
Still, rising holder numbers do not by themselves show that the market is fully developed. Analytics account CEXScan argued that holder count alone means little without meaningful balances and reliable secondary-market liquidity.
That distinction matters because liquidity remains concentrated in a relatively small number of venues and instruments. Product design also differs widely: some tokens represent regulated securities, while others provide only economic exposure through debt structures or derivatives rather than direct ownership.
A milestone is near, but market depth remains the key test
The expansion in tokenized equities is happening while the broader crypto market faces pressure. Glassnode said bitcoin's three-month futures basis has been yielding less than the two-year U.S. Treasury since February, marking only the second prolonged inversion on record and offering institutional desks less incentive to allocate capital to crypto basis trades.
Against that backdrop, the rise in tokenized-stock wallets stands out. Even so, the next confirmed test for the sector is not simply whether addresses cross the 1 million mark, but whether trading depth, redemptions and legal protections improve at a similar pace.
Reaching that holder milestone would underline growing interest. Whether the market can sustain liquidity and clearer investor protections will determine how far tokenized stocks move beyond an early adoption phase.
Source: news.bitcoin.com