Tokenized stock market cap surged 842% in a year… 81.3% of underlying stocks concentrated in one place
Original headline토큰화 주식 시총 1년 새 842% 증가…기초 주식 81.3% 한곳에
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Tokenized equities reached a $3.91 billion market capitalization on September 30, 2026, up 842% year over year, according to a CoinShares and Token Terminal "Hybrid Finance Q3 2026 Update" published November 5. Alpaca Securities LLC custodies the underlying shares for 81.3% of that market value, while 87.2% of the total tracks US-listed stocks and ETFs. Over the same period, tokenized commodities rose 267%, tokenized funds 97% and stablecoins 4%. The concentration makes Alpaca a single point of operational and counterparty risk for the fast-growing sector, and the 842% figure measures market value growth rather than investment returns or net inflows. Watch whether custody diversifies beyond Alpaca and whether tokenized equities keep tracking US equity and ETF demand.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
tokenized stocks, Alpaca Securities LLC, CoinShares, Token Terminal, stablecoins