Tokenized versions of stocks like Nvidia Corp. (NVDA) are growing faster than other categories of real-world assets moving onto blockchains, according to a recent report from CoinShares and Token Terminal. The tokenized stock market itself remains small next to traditional stock exchanges.
Key Takeaways:
- Tokenized stocks are growing faster than any other real-world asset category on-chain.
- On-chain derivatives tied to real assets jumped to about a third of trading volume.
- Retail investors are adopting tokenized stocks faster than institutional products.
Only about $2.2 billion in tokenized equities exists against a global stock market worth more than $100 trillion. The report compares that gap to where dollar-pegged stablecoins stood in 2019, shortly before that market expanded rapidly.
That backdrop frames the growth data: trading and derivatives activity tied to real-world assets kept climbing even as broader crypto markets cooled.
On-chain perpetual futures tied to real-world assets made up a negligible share of total trading volume a year ago. That share climbed to about a third in three quarters, per data in the report. Perpetual futures let traders gain leveraged exposure to an asset’s price without owning it directly, similar to a futures contract that never expires.
See more: CoinShares Report: The Significant Growth of Equities Issued on Blockchain
Oil, gold and silver contracts led that growth, alongside equity index products tracking the S&P 500 and Nasdaq-100. These markets trade on blockchains rather than traditional exchanges, so they operate continuously. That gives investors access outside the hours regular stock and commodity markets are open.
Retail Investors Drive Tokenized Stock Growth
Average wallet sizes highlight who is buying. Holders of NVDAx, a tokenized Nvidia stock issued through xStocks, carried an average balance of $519 in July 2026. That’s roughly the size of a single retail trade.
That compares with more than $25 million for BlackRock’s institutional BUIDL fund, according to the report. The gap reflects a broader pattern: retail investors trade in small increments, while institutions commit large sums per wallet.
NVDAx also added on-chain holders faster than any other tokenized asset over the past year. Lower investment minimums help explain that pattern, drawing a broader base of retail participants.
Trading volumes on tradeXYZ, an RWA-focused venue built on Hyperliquid, jumped roughly 20 times since launch. Broader crypto derivatives activity slowed over the same stretch.
Semiconductor maker SK Hynix Inc. is one example of that momentum. Its tokenized shares quickly became one of tradeXYZ’s largest markets after they began trading on the platform, according to the report.
For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.
