Stock token market cap hits all-time high of $2.3B

The global market capitalization of stock tokens reached an all-time high of $2.3 billion on July 15, Cointelegraph reported. According to data from Token Terminal, Ethereum holds the largest network share at 34%, followed by BNB Chain with 30% and Solana with 23%. By issuer, Ondo Finance leads with $955 million, followed by Kraken's xStox at $507 million and Binance's bStox at $334 million. However, stock tokens represent only about 5.5% of the broader $34 billion real-world asset (RWA) tokenization market. Data from RWA.xyz indicates the largest RWA sector is U.S. Treasury tokens at $15 billion (44%), followed by commodity tokens at $4.5 billion (13%). Meanwhile, a June report from Binance Research stated that the RWA market grew 589% from early 2025 to June 2026, led by Treasury and money market funds.