TradFi's $6.6B Tokenized Glow-Up: Stocks Dethrone Gold as Wall Street Goes Onchain 🌐

The market capitalization of tokenized traditional assets, including precious metals, US stocks, commodities, global indexes and forex, grew to $6.6 billion in June 2026 from $1.4 billion in January 2025, according to a CoinGecko report released Wednesday. That represents a nearly fivefold expansion over 18 months, with tokenized precious metals driving the earliest gains before US equities surged ahead.

By mid-2026, US stock perpetual futures had overtaken precious metals in both trading volume and open interest, the report said, fueled by investor demand for semiconductor stocks and anticipated initial public offerings. The analysis covers activity across Binance, OKX, Bybit, Bitget, Gate and MEXC, and finds that perpetual futures now account for the vast majority of trading activity while spot markets remain comparatively small. Derivatives dominate because traders prefer leveraged products and exchanges can list perpetual contracts without issuing or custodying the underlying tokenized assets.

CoinGecko said competition is intensifying from both decentralized exchanges, which have chipped away at market share, and traditional brokerages expanding their digital asset offerings. Robinhood is among the brokerages that have significantly broadened their crypto products, underscoring the growing overlap between traditional finance and digital asset platforms. Separately, BitGo and OTC Markets Group have partnered to expand access to tokenized securities for more than 150 broker-dealers, while Tradable teamed with the Stellar network to bring up to $1 billion in private credit assets onchain.

Institutional interest in tokenized assets continues to build. A June report by Standard Chartered projected that tokenization could help expand decentralized finance into a $2.7 trillion market by 2030 through the adoption of real-world assets. Separately, Bernstein analysts estimated the broader tokenization market could reach $4 trillion by the end of the decade as financial institutions increasingly embrace blockchain-based assets.