Tokenized real-world assets reached $34.5 billion in value in August 2026, up more than 140% from a year earlier but trading activity is increasingly showing that on-chain markets do not necessarily behave like the traditional assets they represent, according to data analytics firm, Dune.

Dune’s report found that cash equivalents accounted for nearly $18 billion of the market making them the largest tokenized asset class although most of the assets remain inactive. Equities, meanwhile, represented only about 8% of the market but generated 93% of on-chain trading activity.

 

The divergence was particularly evident in tokenized equities.

 

Single stocks accounted for 81% of tokenized equity supply, compared with 19% for exchange-traded funds, suggesting investors on-chain are showing a stronger preference for individual companies than for diversified funds.

 

Direct stocks on Binance Reached $1 Billion in Assets Under Management (AUM) Within 30 Days of Launch

#bStocks, tokenized 1:1 U.S. securities on Binance that trade 24/7, crossed $100 million in AUM within 2 weeks of launch.

47% of bStocks trading volume takes place outside U.S. market hours, reflecting #demand for round-the-clock market access.

Details: https://t.co/quho70TrB8

#Tokenisation

— BitKE (@BitcoinKE) August 25, 2026

The findings highlight a growing distinction between the size of the tokenized asset market and how those assets are actually being used. Dune said the four major asset classes

  • cash equivalents,

  • credit,

  • commodities, and

  • equities

had grown 141% over the year to August 2026.

The tokenized equity market remains small compared with traditional financial markets. Binance Research estimated its value at $4.43 billion as of September 15 2026, equivalent to just 0.0029% of the $151.9 trillion global listed-equity market.

U.S. regulators and financial exchanges are nevertheless moving to expand tokenized trading.

The Securities and Exchange Commission in September 2026 granted a temporary exemption allowing limited on-chain trading of tokenized U.S.-listed stocks while the New York Stock Exchange (NYSE) and Blockchain.com have announced plans for a digital trading platform offering tokenized stocks and ETFs subject to regulatory approval.

 

INSTITUTIONAL | NYSE and OKX File for 24/7 Tokenised U.S Stock Trading

 

The data suggests tokenization is moving beyond simply putting traditional assets on a blockchain. The emerging market is developing its own patterns of

  • liquidity,

  • asset selection, and

  • trading activity

raising questions about how closely on-chain markets will ultimately track the traditional financial markets they are designed to replicate.

 

 

STATISTICS | Tokenized Stock Transfer Volume Jump by Over 400% in August 2026

 

 

 

 

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