On-Chain Tokenized Stock Market Cap Reaches Record $3.5 Billion

The total market capitalization of on-chain tokenized stocks has hit a record $3.5 billion, reflecting a 33% monthly increase and approximately 860% year-over-year growth. This acceleration follows the SEC's September 17, 2026, launch of a five-year innovation exemption allowing for permissioned trading of tokenized NMS stocks. Data from The Kobeissi Letter and Token Terminal indicates that the sector now spans over 4,500 assets across approximately 20 issuers and 15 blockchains, with Jupiter on Solana reporting a 104% monthly surge in tokenized stock trading volume.