Tokenised stocks may reach $1 trillion as demand rises in 2025

Tokenised stocks could surpass $1 trillion in market capitalisation in the coming years, driven by rising institutional demand and broader adoption, according to executives speaking at the TokenizeThis conference in New York.

Arnab Naskar, CEO of STOKR, described the potential market as “definitely a bigger trillion-dollar market,” highlighting the growing interest in tokenised real-world assets (RWAs) among financial institutions and technology firms.

Anna Wroblewska, Chief Business Officer at Dinari, noted that in 2025, demand for the instruments has exploded from institutions ranging from Web3 wallets to neobanks to traditional financial services firms.

“We’ve had an enormous influx of demand from a much broader scope of potential partners than you might even imagine [...] it’s actually been really interesting,” she added.

Currently, tokenised stocks represent a small segment of the RWA sector, with a cumulative market capitalisation of about $350 million as of April 18, 2025, according to RWA.xyz. 

This is a fraction of the overall RWA market, which is valued at over $18 billion.

Despite their modest market share, executives believe tokenised stocks could capture a larger portion of the US equities market, which is valued at more than $50 trillion. 

“There is a huge appetite for US public equities... even individual investors globally want exposure to US capital markets. Tokenisation makes it fast and cheap,” Wroblewska explained.

Tokenised US Treasury Bills have also gained traction, with nearly $6 billion in market cap, reflecting similar demand for efficient access to traditional assets.

Coinbase is reportedly considering the launch of tokenised shares of its stock on Base, its Ethereum (CRYPTO:ETH) layer-2 network, as part of the broader trend toward tokenisation in financial markets.

Colin Butler, global head of institutional capital at Movement Labs, estimated that tokenised RWAs could represent a $30 trillion market opportunity worldwide.

“Tokenisation will become a mirror of the market. If the user experience is better, faster, and cheaper, people will default to tokenised assets,” he stated.