Securitize and Ondo dominate the tokenized stock market: Robinhood lags by 40 times
The market for tokenized stocks on the blockchain has reached an impressive $3.7 billion and shows a clear institutional bias. Contrary to many expectations, the leaders are not retail applications, but platforms initially focused on real-world assets — Securitize and Ondo. Together, they control about 60% of the total market capitalization in this segment, leaving giants like Robinhood far behind.
Capital Distribution: Who's on Top?
According to my analysis, the distribution of on-chain capital looks like this:
- Securitize: $1.274 billion
- Ondo: $966 million
- xStock: $576 million
- bStock: $376 million
- Figure: $210 million
- Aktionariat: $118 million
- Republic: $113 million
- Mt Pelerin: $56 million
- Stobox: $34 million
- Robinhood: $31 million
The gap between the leaders and the rest of the participants is enormous. Securitize and Ondo surpass Robinhood by more than 40 times in market capitalization. This clearly demonstrates that real demand is not driven by retail traders, but by institutional investors seeking reliable and liquid tokenized assets.
Most Traded Assets: A Technology Bias
Interestingly, the list of the most active assets by daily trading volume is dominated by technology and semiconductor companies. The leader is the tokenized stock of SpaceX with a daily volume of $31.7 million, followed by SanDisk ($25.5 million), SK Hynix ($15.2 million), and NVIDIA ($14.7 million). The presence of Alphabet, Broadcom, and Tesla only confirms the trend: investors are voting for innovation and artificial intelligence.
SpaceX deserves special attention. Tokenization opens access to shares that are practically impossible to buy on the traditional market. This is a key advantage of blockchain technology — democratizing access to previously closed investment opportunities.
My expert conclusion: The market for tokenized stocks in 2026 is no longer a theory, but a working reality with specific volumes and clear signals. Institutional investors are choosing Securitize and Ondo over Robinhood, which speaks to the maturity of the sector. The technology bias in the top trading volumes is a clear indicator that the future lies in stocks of companies related to AI and chips. This is a trend worth monitoring closely.