Blab Crypto
Tokenized Equities Surge 140% in 2026, Bitget Leads Liquidity and Execution
A fresh independent study from DeFiLlama reveals that the active market capitalization of tokenized equities has jumped more than 140 % in 2026, climbing from $814 million at the beginning of the year to nearly $2 billion by the time the report was released. The analysis, issued by Bitget—the world’s largest Universal Exchange (UEX)—examines the structure of tokenized equity markets and benchmarks liquidity and execution quality across a range of venues.
The DeFiLlama work surveyed five tokenized equity markets, evaluating brokerage integration, reserve verification, dividend treatment, settlement mechanisms and trading infrastructure. It also measured quoted liquidity and execution quality for 36 stock perpetual contracts and eight metal and commodity perpetuals. Across all five tokenized equity markets, Bitget posted the lowest median bid‑ask spread of just 0.83 basis points and the deepest top‑of‑book liquidity. In the broader execution benchmark, Bitget led 32, 34 and 33 contracts in the 5‑, 10‑ and 50‑basis‑point depth categories, respectively, and delivered the greatest aggregate order‑book depth across all measured depth ranges.
"A tokenized stock is only as good as the market behind it. Investors don’t care how the asset is packaged if they can’t trade it efficiently," said Gracy Chen, CEO of Bitget. "That’s why liquidity and execution matter. DeFiLlama found Bitget recorded the lowest median bid‑ask spread and the deepest top‑of‑book liquidity across the markets they evaluated. As this market grows, those are the things investors will increasingly expect."
The report also spotlights adoption trends within Bitget’s Reality rTokens. Between June and July, Reality rTokens generated more than $1.16 billion in cumulative trading volume, with semiconductor and technology‑linked assets accounting for the majority of activity—underscoring continued demand for tokenized exposure to innovation‑driven public companies.
Tokenized equities are a growing segment of the broader digital‑asset market. By converting traditional shares into on‑chain tokens, platforms can offer 24/7 trading, lower settlement times and new liquidity pools. However, the quality of the underlying market—measured by bid‑ask spreads, depth and execution speed—remains a key differentiator. The DeFiLlama findings suggest that as the tokenized equity ecosystem matures, exchanges that can deliver tight spreads and deep liquidity will attract more traders.
Bitget’s status as the largest UEX, with over 125 million users and access to more than 2 million crypto tokens, positions it well to capture the expanding tokenized equities market. The exchange also offers tokenized ETFs, commodities, FX and precious metals, and has partnered with organizations such as MotoGP™ and UNICEF to promote blockchain education.
The DeFiLlama report provides an independent snapshot of the tokenized equities landscape and underscores the importance of execution quality for market participants. While the study does not forecast future growth, it confirms that the sector is expanding rapidly and that liquidity remains a critical competitive factor.
In summary, tokenized equities have approached a $2 billion active market cap in 2026, with Bitget leading in liquidity and execution across multiple tokenized equity and perpetual markets. The exchange’s Reality rTokens continue to generate significant trading volume, particularly in technology and semiconductor sectors. As the market evolves, exchanges that maintain tight bid‑ask spreads and deep order books are likely to become the preferred venues for tokenized equity trading.
The DeFiLlama work surveyed five tokenized equity markets, evaluating brokerage integration, reserve verification, dividend treatment, settlement mechanisms and trading infrastructure. It also measured quoted liquidity and execution quality for 36 stock perpetual contracts and eight metal and commodity perpetuals. Across all five tokenized equity markets, Bitget posted the lowest median bid‑ask spread of just 0.83 basis points and the deepest top‑of‑book liquidity. In the broader execution benchmark, Bitget led 32, 34 and 33 contracts in the 5‑, 10‑ and 50‑basis‑point depth categories, respectively, and delivered the greatest aggregate order‑book depth across all measured depth ranges.
"A tokenized stock is only as good as the market behind it. Investors don’t care how the asset is packaged if they can’t trade it efficiently," said Gracy Chen, CEO of Bitget. "That’s why liquidity and execution matter. DeFiLlama found Bitget recorded the lowest median bid‑ask spread and the deepest top‑of‑book liquidity across the markets they evaluated. As this market grows, those are the things investors will increasingly expect."
The report also spotlights adoption trends within Bitget’s Reality rTokens. Between June and July, Reality rTokens generated more than $1.16 billion in cumulative trading volume, with semiconductor and technology‑linked assets accounting for the majority of activity—underscoring continued demand for tokenized exposure to innovation‑driven public companies.
Tokenized equities are a growing segment of the broader digital‑asset market. By converting traditional shares into on‑chain tokens, platforms can offer 24/7 trading, lower settlement times and new liquidity pools. However, the quality of the underlying market—measured by bid‑ask spreads, depth and execution speed—remains a key differentiator. The DeFiLlama findings suggest that as the tokenized equity ecosystem matures, exchanges that can deliver tight spreads and deep liquidity will attract more traders.
Bitget’s status as the largest UEX, with over 125 million users and access to more than 2 million crypto tokens, positions it well to capture the expanding tokenized equities market. The exchange also offers tokenized ETFs, commodities, FX and precious metals, and has partnered with organizations such as MotoGP™ and UNICEF to promote blockchain education.
The DeFiLlama report provides an independent snapshot of the tokenized equities landscape and underscores the importance of execution quality for market participants. While the study does not forecast future growth, it confirms that the sector is expanding rapidly and that liquidity remains a critical competitive factor.
In summary, tokenized equities have approached a $2 billion active market cap in 2026, with Bitget leading in liquidity and execution across multiple tokenized equity and perpetual markets. The exchange’s Reality rTokens continue to generate significant trading volume, particularly in technology and semiconductor sectors. As the market evolves, exchanges that maintain tight bid‑ask spreads and deep order books are likely to become the preferred venues for tokenized equity trading.
