Tokenised Equity Transfers Double to $8.4bn as Solana’s Dominance Raises Concentration Risk

Tokenised equity transfer volumes more than doubled last month, reaching $8.41 billion, according to data from RWA.xyz cited by Crypto Briefing. The 105% monthly jump comes as market infrastructure bodies including the DTCC, Nasdaq and the US Securities and Exchange Commission have all engaged with tokenised stock pilots, lending institutional weight to a segment still dominated overwhelmingly by a single blockchain.

June 2026 alone delivered a record $3.86 billion in tokenised equity trading volume, a 145% increase on the prior month. First-half 2026 volumes came in at six times the level processed in the second half of 2025, marking one of the sharpest growth curves seen in the real-world asset tokenisation sector to date.

Solana’s near-total grip on the market

Solana accounts for more than 95% of tokenised equity trading volume across all chains, according to the data. Cumulative transfer volumes for Solana-based tokenised equities crossed $10 billion by 23 June 2026, underpinned largely by xStocks products, which allow Solana users to trade tokenised representations of traditional equities on a round-the-clock basis.

SpaceX-related tokens contributed roughly 31% of June’s total tokenised equity volume, underscoring how concentrated demand remains around a narrow set of high-profile names rather than being spread evenly across the broader equity universe. That concentration, both by chain and by underlying asset, is likely to draw closer attention from regulators assessing systemic and custody risk in the sector.

Small market cap, growing institutional footprint

Despite the surge in transfer activity, the underlying market capitalisation for tokenised equities remains modest by traditional finance standards, having grown from roughly $2.23 billion to $5.5 billion in early 2026. Daily volumes reached $1.68 billion, up 39% over the month, according to the same data.

Platforms including Securitize and Ondo Finance are capturing meaningful market share in the space. Securitize has built partnerships with exchanges Coinbase and Kraken, positioning itself as a bridge between regulated equity issuance and blockchain-based settlement rails. The involvement of the DTCC and Nasdaq in tokenisation pilots suggests established market infrastructure providers are testing whether on-chain settlement can be integrated into, rather than compete against, existing clearing systems.

Emerging markets seen as the structural growth driver

Proponents argue the biggest structural opportunity lies outside the United States. Retail investors in Southeast Asia, Latin America and parts of Africa typically face high fees, currency conversion friction and minimum balance requirements when accessing US equities through licensed brokers, according to the report. Tokenised stocks, combined with fractional ownership and 24/7 blockchain settlement, remove much of that friction, allowing investors to acquire small-denomination exposure to high-priced shares without a traditional brokerage relationship.

For European regulators and market participants watching the sector’s evolution, the combination of rapid volume growth, heavy reliance on a single blockchain and early-stage engagement from established clearing and exchange bodies presents a familiar policy dilemma: how to accommodate financial innovation without allowing concentration risk to build unchecked in a market still measured in the low single-digit billions.

Read more: Kraken’s Early MiCA Licence Pays Off as It Leads EU Exchanges on Liquidity