Tokenized equities are attracting a fast-growing onchain audience as investors seek access beyond conventional market hours. Yet rising wallet counts have not resolved questions about liquidity, ownership rights or secondary-market depth.
Key Takeaways
Tokenized stock holders neared 967,000 by Aug. 3, up 522% in 2026 as onchain demand surged.Jupiter said 65%+ of tokenized equity trades occur off-hours, pressuring traditional market access.Robinhood and Ondo now face the liquidity test as the market approaches 1 million wallet addresses.Tokenized stocks are moving from a blockchain experiment toward a broader trading market, with the number of addresses holding onchain equities approaching 1 million.
“Tokenized asset growth is exploding,” Kobeissi said.
The figures measure blockchain addresses, not verified individual investors. One person may control several wallets, while a custodial address can represent multiple customers.
Demand is being driven partly by access outside U.S. exchange hours.
Jupiter reported a 360% year-to-date increase in monthly tokenized-equity volume completed during evenings, weekends and other periods when Nasdaq and the New York Stock Exchange are closed. More than 65% of the platform’s stock-token activity reportedly occurs outside regular sessions.
Semiconductor and memory-chip shares have become especially popular. These products let traders respond to news involving companies such as Nvidia, Micron Technology and SK Hynix without waiting for the next opening bell.
The expansion comes as the wider crypto market remains under pressure.
Tokenized equities may be growing despite that backdrop, but holder counts alone do not prove the market is mature.
“Holder count means nothing” without meaningful balances and secondary liquidity, analytics account CEXScan argued.
The next test is whether trading depth, redemptions and legal protections grow as quickly as wallet adoption. Reaching 1 million addresses would be a milestone. Sustained liquidity would make it a market.
