The Kobeissi Letter notes over 360 onchain tokenized equity products, up 200% YTD, as Jupiter records a 215% quarter-over-quarter rise in tokenized equity trade count with 60% of volume occurring outside regular hours.

The Kobeissi Letter reports BNB Chain now routes over 70% of tokenized equity trading volume outside regular market hours while Solana reaches 63% and Jupiter posts 50% month-over-month growth, pushing total supply to a record $3.3 billion.

Tokenized equity holders reach 1.9 million, up 134% MoM and 1,360% YTD, driven by SpaceX, OpenAI and Jupiter on Solana as Bitcoin reserve asset thesis strengthens.

1.9 million onchain tokenized equity holders hit record, +134% MoM, as Jupiter on Solana captures 61% off-hours volume amid SpaceX and OpenAI IPO demand.

Tokenized equity holders reach 1.9 million, up 134% MoM and 1,360% YTD, fueled by Jupiter on Solana amid SpaceX, OpenAI and Anthropic IPO demand.

Binance-backed bstocks hits 27% tokenized equity market share two months after June 2026 launch via user-first approach.

bStocks took 85% of tokenized equity DEX volume in July after totals rose from $2.9B to $8.8B.

Binance bStocks reaches $599M AUM in seven weeks, capturing 27% of tokenized equity market and overtaking xStocks amid rising 24/7 equity trading demand.

bStocks hits US$500M AUM, securing 85% tokenized equity DEX volume and 27% tokenized equity market cap as Binance Research highlights on-chain stock price discovery.

SKHY launches on Phantom as $28B Nasdaq foreign listing becomes tokenized equity on Solana, available globally from day one.

Binance captured the leading share of tokenized-equity spot volume in early June, holding 38-58% across CEX and on-chain venues per CoinDesk data.

SpaceX hits $1.75T valuation. Amber Group joins RWA panel on tokenized equity liquidity and TradFi-Web3 market-making models.

Bitget rolls out $rSPCX with 0 fees, 10 USDT threshold and Nasdaq liquidity for tokenized SpaceX exposure after listing.

dYdX Foundation debates centralized venues, decentralized venues, and self-custody wallets for on-chain tokenized equity, featuring xStocksFi's James Hallam insights.

Tokenized equity market surges from $20M to over $1B by March 2026, driven by retail, builders, and institutions amid real world assets tokenization boom.

dYdX Foundation reveals tokenized equity demand from regions like Asia and Africa, locked out of US stocks, per James Hallam at xStocksFi in April analyst call.

According to Bobby Ong, the ultimate goal for many tokens is to transition into tokenized equity, a vision he has held for over a decade. However, current regulatory frameworks prevent this due to securities laws, compelling token issuers to avoid equity classification. Ong remains optimistic about future regulatory developments that could enable this shift, potentially transforming the token landscape by integrating utility, equity-like attributes, and revenue sharing.

According to @adriannewman21, innovation remains strong in prediction markets and beyond, but the historical link between strong products and strong altcoin performance has weakened this cycle as retail withdrew liquidity from many alts, impacting exit-liquidity dynamics, source: @adriannewman21 on X, Nov 10, 2025. According to @adriannewman21, tokens that implement smart contract enforced dividend distribution are more attractive than revenue-share models because startups often reinvest top-line revenue and rarely distribute payouts, making profit-linked, on-chain cash flows more investable, source: @adriannewman21 on X, Nov 10, 2025. According to @adriannewman21, tokenized equity is set to become a major trend, offering liquid, DeFi-composable shares with traditional governance rights and forming a new listing venue between startups and IPOs, source: @adriannewman21 on X, Nov 10, 2025. According to @adriannewman21, trading implications include prioritizing tokens with on-chain dividend mechanics and governance alignment, de-emphasizing meme-driven alts lacking fundamentals, and monitoring emerging tokenized equity venues for liquidity migration and listing flow, source: @adriannewman21 on X, Nov 10, 2025. According to @adriannewman21, these views reflect direct assessment and a recent discussion with MapleLeafCap, underscoring a shift toward real-yield and tokenized equity narratives over broad alt exposure, source: @adriannewman21 on X, Nov 10, 2025.