Tokenized Stocks Reach $1.5B Onchain Market Cap; Ondo and xStocks Hold 89.5%

On 17 May 2026, Token Terminal data showed tokenized stocks climbing to a $1.5B onchain market cap, roughly 40x year-over-year, spanning 2,649 assets across 10 chains and 11 issuers. Issuer share was heavily concentrated, with Ondo Finance at $963.3M (63.1%) and xStocks at $402.7M (26.4%), while the top three chains—Ethereum, Solana, and BNB Chain—collectively represented 97.8% of market cap.