Tokenized stocks account for 99.3% of $14.4 billion in onchain trading outside the US

Retail traders abroad are buying tokenized US equities around the clock, though the market is still small next to traditional stock exchanges Tokenized stocks made up 99.3% of the $14.4 billion traded onchain outside the US over the past 30 days. When a share figure gets that close to 100%, the category is no longer competing with anything nearby. These are blockchain-based tokens that track the price of ordinary shares. Most of the trading happens outside US borders, and a lot of it happens while Wall Street is closed. The 30-day figure sits inside a bigger story about 2026. The market capitalization of tokenized equities is estimated to have climbed from around $600 million to between $3 billion and $4.8 billion as of September 2026.

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