Published
06/20/2026, 09:21The market for tokenised shares, which until recently was considered one of the most promising areas of development for the blockchain industry, is facing growing competition from services offering direct access to physical securities.
According to market participants, the total market capitalisation of tokenised shares currently stands at around $1 billion. However, only a fraction of the available instruments are actively traded, and liquidity is spread across several dozen platforms.
Against this backdrop, major cryptocurrency platforms are beginning to offer an alternative way of trading equity assets. In June, Binance launched a service for trading more than 7,000 US shares and ETFs via a regulated broker. According to the company, the volume of trades in the first few days of operation exceeded the figures for the entire tokenised shares market.
At the same time, investor interest in derivatives linked to the stock market remains strong. In May, the share of equities in the trading volume of perpetual contracts on traditional financial assets rose to approximately 40 per cent.
Experts note that the market is gradually splitting into two distinct directions. The first is linked to gaining access to real securities via digital platforms. The second focuses on the use of tokenised assets within the decentralised finance ecosystem.
As a result, market participants’ attention is increasingly shifting from the form in which an asset is issued to its functionality and potential uses within the digital economy.
