SignalsTokenized equities become the most widely distributed RWA asset class

June 10, 2026

Jono Lee
Jono Lee

Tokenized equities reached ~$1.6B AUM (>60x YoY) after xStocks and Ondo released permissionless products. Total holders of tokenized equities reached ~300K (35.6% share of RWA market), overtaking commodities to become the most widely held RWA asset class. Nvidia, Tesla and S&P 500 lead distribution with over >100K holders. We believe the rapid adoption reflects a simple but powerful unlock; for the first time, anyone in the world with an internet connection can access U.S. equities.

Tokenized equities become the most widely distributed RWA asset class

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