a16z Crypto: Tokenized Stocks Market Cap Surpasses $1.7 Billion, Up Over 5x in One Year

TechFlow reports, July 22, according to a16z crypto researcher Robert Hackett and data advisor Ryan Holloway's post, the tokenized stock market is experiencing explosive growth. As of June 2026, the total market cap of tokenized stocks reached approximately $1.7 billion, an increase of more than 5 times compared to $329 million a year ago, becoming one of the fastest-growing categories among tokenized assets.

On-chain data shows that monthly transfer volume surged from $53 million last June to $9.22 billion this June, a year-over-year increase of more than 170 times. Market structure has also changed significantly: the share of crypto-related products dropped from 79% to 21%; AI and chip category jumped from nearly zero to 15.5% market share; tech giants category share rose from 0.6% to 10.6%; ETF and index category rose from 4.5% to 17.3%.

At the institutional level, DTCC has completed the first live trading of tokenized treasury bonds and stocks on Digital Asset's Canton network, with full service planned to launch in October, which will open access for Wall Street to approximately $114 trillion in DTC custodied assets. Meanwhile, Robinhood has launched its own chain, NYSE's parent company announced a joint venture with OKX (pending regulatory approval), and Coinbase and Binance have also successively launched tokenized US stock services for non-US users.