Tokenized US stock market value surpasses $3 billion, and the boundary between traditional finance and the crypto world is disappearing
I. The RWA sector reaches a milestone
In the third quarter of 2026, the total market capitalization of tokenized stocks surpassed $3 billion, more than four times the roughly $700 million at the start of the year, becoming the fastest-growing category in the real-world assets (RWA) track. On-chain data shows that over the past 30 days, decentralized exchange (DEX) trading volume for tokenized stocks reached $20.9 billion. Uniswap v3 and v4 together account for about 60% of market share. The size of tokenized stocks custodied on BNB Chain has reached about $1 billion, indicating strong demand for on-chain stock assets from both institutional investors and retail users.
These figures suggest that “buying US stocks on-chain,” once only a concept, has formed a sizable market liquidity. Investors can now trade tokenized shares of well-known listed companies such as Apple, Tesla, and NVIDIA directly on decentralized exchanges, without needing traditional brokerage accounts, without being limited by trading hours, and truly enabling around-the-clock global trading.
II. Wall Street accelerates its entry
At the same time as tokenized stock data is turning out impressive, traditional finance giants are also ramping up their crypto initiatives. Robinhood announced that it would offer crypto perpetual contract trading to U.S. users, with leverage up to 10x. Supported assets include major cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, and Dogecoin. Meanwhile, Robinhood also opened weekend stock trading. These two moves mean that business boundaries between traditional brokers and crypto exchanges are being completely broken down.
Bitwise listed the first U.S. spot NEAR Protocol ETF on the NYSE Arca segment, with ticker NRR. The management fee is 0.75%, and it will seek annualized staking returns of around 5% through internal staking. NEAR surged by as much as 167% over the past month. The ETF’s launch further expands the coverage of regulated crypto investment products, extending exposure from Bitcoin and Ethereum to the AI and privacy tracks.
III. Macroeconomic conditions add pressure
However, the market is not entirely optimistic. U.S. 10-year Treasury yields have surged to 5.24%, the highest level since 2007. Meanwhile, 30-year yields have broken above 5.6%. Elevated bond yields create ongoing pressure on risk assets—including crypto. Bitcoin has recently been struggling around the $85,000 level.
Although Federal Reserve Bank of New York President Williams tempered the urgency of a rate hike in October, he also noted that the inflation rate of 3.7% “is still too high.” Market concerns about further tightening have not disappeared. Against such a backdrop, the contrarian growth of tokenized US stocks looks even more noteworthy, suggesting that investors are seeking new asset-allocation approaches beyond the traditional financial system.
IV. Safety challenges cannot be ignored
Alongside rapid industry growth, security remains a sword hanging overhead. On September 25, Bitget suffered an attack involving approximately $388 million. Wanxiang Technology disclosed that the attackers exploited a third-party zero-day vulnerability. Blockchain analyst ZachXBT linked the incident to North Korea’s TraderTraitor hacking group, with the stolen funds transferred through Zcash’s privacy pool. Bitget’s CEO expressed pessimism about fully recovering the funds and cited the case of a Bitget/Bybit hacking incident in 2025, in which only about 3.5% of the stolen funds have been frozen so far.
V. Outlook and reflections
The explosive growth of tokenized US stocks, the comprehensive entry by Wall Street giants, and the gradual improvement of regulatory frameworks—these three forces are jointly reshaping the global financial market landscape. The UK’s Financial Conduct Authority recently opened a licensing channel for crypto companies, and the U.S. Securities and Exchange Commission is also seeking public input on rules for on-chain financing. Globally, regulation is shifting from “blocking” to “guiding.”
For ordinary investors, this means there are more tools to access global asset allocation, but it also requires heightened vigilance regarding security risks and macro volatility. In an environment of high yields, complex geopolitics, and frequent hacking incidents, rational investing, risk diversification, and choosing compliant platforms remain the core principles for navigating through market cycles.
#代币化美股 #RWA赛道 #Crypto plans and deployments by Wall Street
I. The RWA sector reaches a milestone
In the third quarter of 2026, the total market capitalization of tokenized stocks surpassed $3 billion, more than four times the roughly $700 million at the start of the year, becoming the fastest-growing category in the real-world assets (RWA) track. On-chain data shows that over the past 30 days, decentralized exchange (DEX) trading volume for tokenized stocks reached $20.9 billion. Uniswap v3 and v4 together account for about 60% of market share. The size of tokenized stocks custodied on BNB Chain has reached about $1 billion, indicating strong demand for on-chain stock assets from both institutional investors and retail users.
These figures suggest that “buying US stocks on-chain,” once only a concept, has formed a sizable market liquidity. Investors can now trade tokenized shares of well-known listed companies such as Apple, Tesla, and NVIDIA directly on decentralized exchanges, without needing traditional brokerage accounts, without being limited by trading hours, and truly enabling around-the-clock global trading.
II. Wall Street accelerates its entry
At the same time as tokenized stock data is turning out impressive, traditional finance giants are also ramping up their crypto initiatives. Robinhood announced that it would offer crypto perpetual contract trading to U.S. users, with leverage up to 10x. Supported assets include major cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, and Dogecoin. Meanwhile, Robinhood also opened weekend stock trading. These two moves mean that business boundaries between traditional brokers and crypto exchanges are being completely broken down.
Bitwise listed the first U.S. spot NEAR Protocol ETF on the NYSE Arca segment, with ticker NRR. The management fee is 0.75%, and it will seek annualized staking returns of around 5% through internal staking. NEAR surged by as much as 167% over the past month. The ETF’s launch further expands the coverage of regulated crypto investment products, extending exposure from Bitcoin and Ethereum to the AI and privacy tracks.
III. Macroeconomic conditions add pressure
However, the market is not entirely optimistic. U.S. 10-year Treasury yields have surged to 5.24%, the highest level since 2007. Meanwhile, 30-year yields have broken above 5.6%. Elevated bond yields create ongoing pressure on risk assets—including crypto. Bitcoin has recently been struggling around the $85,000 level.
Although Federal Reserve Bank of New York President Williams tempered the urgency of a rate hike in October, he also noted that the inflation rate of 3.7% “is still too high.” Market concerns about further tightening have not disappeared. Against such a backdrop, the contrarian growth of tokenized US stocks looks even more noteworthy, suggesting that investors are seeking new asset-allocation approaches beyond the traditional financial system.
IV. Safety challenges cannot be ignored
Alongside rapid industry growth, security remains a sword hanging overhead. On September 25, Bitget suffered an attack involving approximately $388 million. Wanxiang Technology disclosed that the attackers exploited a third-party zero-day vulnerability. Blockchain analyst ZachXBT linked the incident to North Korea’s TraderTraitor hacking group, with the stolen funds transferred through Zcash’s privacy pool. Bitget’s CEO expressed pessimism about fully recovering the funds and cited the case of a Bitget/Bybit hacking incident in 2025, in which only about 3.5% of the stolen funds have been frozen so far.
V. Outlook and reflections
The explosive growth of tokenized US stocks, the comprehensive entry by Wall Street giants, and the gradual improvement of regulatory frameworks—these three forces are jointly reshaping the global financial market landscape. The UK’s Financial Conduct Authority recently opened a licensing channel for crypto companies, and the U.S. Securities and Exchange Commission is also seeking public input on rules for on-chain financing. Globally, regulation is shifting from “blocking” to “guiding.”
For ordinary investors, this means there are more tools to access global asset allocation, but it also requires heightened vigilance regarding security risks and macro volatility. In an environment of high yields, complex geopolitics, and frequent hacking incidents, rational investing, risk diversification, and choosing compliant platforms remain the core principles for navigating through market cycles.
#代币化美股 #RWA赛道 #Crypto plans and deployments by Wall Street