Tokenized equities now represent more than 1% of total stablecoin supply, approximately 1.94% ($5.89 billion against roughly $304 billion in stablecoins). Over one year, tokenized equities expanded 17.6x while stablecoin supply grew only about 10%. On-chain trading volume for these assets reached a record $15.6 billion in September, with Robinhood capturing 42% of that activity. Key market players include Securitize, Ondo, Backed Finance, Binance, and Robinhood Chain. Despite this rapid growth, tokenized equities remain a tiny fraction of the global equity market, estimated at $152 trillion.
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