Tokenized equity perpetual futures drive RWA perpetual trading volume to $470 billion in June, up from $85 billion in January

Tokenized real-world asset (RWA) perpetual futures trading rose from $85 billion in January 2026 to approximately $470 billion in June 2026, representing a 450% increase. Tokenized equity perpetual volumes grew roughly sevenfold, with the SPCX contract generating over $66 billion in June as SpaceX completed its IPO in mid-June. Binance, Hyperliquid, and OKX accounted for over 80% of tokenized RWA perpetual trading volume, while a separate rwa.xyz-based report said Solana processed roughly 95% of on-chain tokenized equity volume.

Tokenized equity market growth

• ▪The market capitalization of tokenized stocks reached approximately $1.7 billion at the end of June 2026, up from $329 million in June 2025
• ▪Ondo Finance leads the Solana tokenized equity market with $850.4 million across 406 assets, while xStocks holds second with $482.1 million across 183 assets
• ▪Solana processes approximately 95% of all on-chain tokenized equity volume globally, with a total distributed value of $1.85 billion as of July 20, 2026

Tokenized stock composition shifts

• ▪The AI and chips category of tokenized stocks grew from 0.3% of the market cap in June 2025 to 15.5% of the market cap in June 2026.
• ▪Crypto-linked products dropped from 79% of the tokenized stock market cap in June 2025 to 21% in June 2026, while the 'other' category rose to 35%.

Onchain transfer activity surge

• ▪Monthly transfer volume for tokenized stocks reached $9.22 billion in June 2026, representing a 170-fold increase from $53 million in June 2025.
• ▪Solana's monthly tokenized stock transfer volume reached $8.28 billion by July 20, 2026, marking a 52.87% increase over the prior 30 days

Institutional tokenization infrastructure

• ▪The Depository Trust & Clearing Corporation processed its first live production trades of tokenized Treasuries and equities on Digital Asset's Canton Network in July 2026.
• ▪Coinbase announced on June 16, 2026, that it will offer 1:1-backed tokenized U.S. stocks with dividends and 24/7 trading to non-U.S. users.

Perpetual futures trading volume

• ▪Binance, Hyperliquid, and OKX accounted for over 80% of tokenized real-world asset perpetual futures volume in June 2026, with Binance handling nearly half
• ▪The SPCX perpetual contract tied to SpaceX was the most-traded equity perp in June 2026, generating over $66 billion in volume as SpaceX completed its IPO in mid-June
• ▪Monthly trading volume in real-world asset perpetual futures grew from $85 billion in January 2026 to approximately $470 billion in June 2026