Where do tokenized stocks trade, and how far from the real share?
A tokenized stock is a token that tracks one listed share, held by a custodian and traded around the clock on public blockchains and exchanges. We read every wrapper the issuers publish (xStocks, Robinhood Stock Tokens, Coinbase Tokenized Stocks, Binance bStocks, Ondo Global Markets and Backpack Securities), the DEX pools that trade them, the tokenized spot pairs on seven exchanges, and a reference price for the real share, so the premium or discount of each wrapper is measured, not guessed.
Tokenized stocks onchain are worth $1.79B at the share price; the median wrapper trades 0.04% above the real share.
Where does the supply sit?
Supply in dollars: shares in circulation times the share price. The left chart splits it by issuer, the right one by chain.
Binance bStocks supply is the chain total of each token and includes the tokens the exchange holds in custody for its users. xStocks supply is the issuer's circulating figure across every chain it deploys to, shown as xStocks, all chains.
Every stock with a tokenized wrapper
One row per underlying, largest supply first. Each chip is one wrapper: issuer, chain, price and its premium to the real share.
| Stock | Share price | Wrappers onchain | DEX liquidity | DEX 24h | Exchanges | Perp OI | Supply |
|---|---|---|---|---|---|---|---|
| CRCL Circle | 94.33 market | bStocks · BNB Chain92.38+0.11%Robinhood · Robinhood Chain92.45+0.18%Ondo · Solana--xStocks · Solana92.52+0.26% | $8.4M | $13.1M | 7 | $108.6M | $205.1M |
| MSTR MicroStrategy | 167.03 market | bStocks · BNB Chain165.32-1.02%Robinhood · Robinhood Chain163.57+0.26%Coinbase · Base163.87+0.44%Backpack · Solana165.36-1.00%Ondo · Solana--xStocks · Solana163.52+0.23% | $6.5M | $11.0M | 5 | $79.5M | $177.1M |
| STRC Strategy PP Variable | 98.93 market | Ondo · Solana--xStocks · Solana107.54+0.06%xStocks · Ethereum-- | $384K | $382K | 1 | $6.2M | $143.8M |
| SPCX SpaceX | 154.03 market | bStocks · BNB Chain152.53+0.08%Robinhood · Robinhood Chain152.40-0.01%Backpack · Solana152.56+0.10%Coinbase · Base152.40-0.01%Ondo · Solana--xStocks · Solana153.32+0.60% | $18.0M | $30.4M | 5 | $236.4M | $133.3M |
| SPY SP500 | 770.51 market | Robinhood · Robinhood Chain770.43+0.01%bStocks · BNB Chain771.10-0.10%Ondo · Solana--xStocks · Solana773.64+0.04%xStocks · TON-- | $17.3M | $32.7M | 5 | $28.8M | $103.1M |
| QQQ Nasdaq | 742.44 market | bStocks · BNB Chain739.90+0.08%Robinhood · Robinhood Chain741.72+0.33%Ondo · Solana--xStocks · Solana741.58+0.04% | $10.0M | $16.8M | 5 | $73.2M | $101.2M |
| TSLA Tesla | 385.80 market | bStocks · BNB Chain380.96+0.12%Robinhood · Robinhood Chain381.10+0.11%Coinbase · Base--Ondo · Solana--xStocks · Solana380.27-0.06% | $6.5M | $3.5M | 7 | $45.1M | $100.4M |
| NVDA NVIDIA | 227.82 market | bStocks · BNB Chain225.85+0.20%Robinhood · Robinhood Chain225.90+0.22%Ondo · Solana--Coinbase · Base225.74+0.22%xStocks · Solana225.85+0.10% | $25.7M | $57.2M | 6 | $151.2M | $99.2M |
| MU Micron Technology | 1,091 market | bStocks · BNB Chain--Ondo · Solana--Backpack · Solana1,072-0.02%Robinhood · Robinhood Chain1,076+0.37% | $8.7M | $4.3M | 4 | $217.0M | $84.4M |
| GOOGL Alphabet | 342.31 market | bStocks · BNB Chain341.26+0.16%Robinhood · Robinhood Chain341.38+0.22%Coinbase · Base341.32+0.19%Ondo · Solana--xStocks · Solana343.45+0.09% | $7.5M | $14.1M | 6 | $77.1M | $65.0M |
| SNDK Sandisk Corporation | 1,861 market | bStocks · BNB Chain1,847-0.72%Backpack · Solana1,843-0.95%Robinhood · Robinhood Chain1,862+0.07%Coinbase · Base1,831+0.27%Ondo · Solana-- | $1.5M | $4.9M | 4 | $342.5M | $43.6M |
| INTC Intel | 121.42 market | bStocks · BNB Chain120.54-0.72%Robinhood · Robinhood Chain120.63+0.64%Ondo · Solana--Backpack · Solana120.73-0.57%xStocks · Solana121.69+0.23% | $1.8M | $1.6M | 4 | $70.7M | $34.4M |
| COIN Coinbase | 201.05 market | bStocks · BNB Chain--Robinhood · Robinhood Chain200.18-0.43%Ondo · Solana--xStocks · Solana200.23-0.41% | $2.9M | $1.6M | 6 | $16.3M | $33.9M |
| BNC | 6.19 market | bStocks · BNB Chain6.14+0.09% | $1.9M | $10.6M | 1 | $13.5M | $29.4M |
| AAPL Apple | 337.92 market | bStocks · BNB Chain337.01-0.03%Robinhood · Robinhood Chain338.05+0.28%Coinbase · Base337.05+0.04%Ondo · Solana--xStocks · Solana339.27+0.07% | $5.4M | $15.0M | 6 | $22.6M | $26.5M |
| META Meta | 750.77 market | Robinhood · Robinhood Chain744.90-0.07%bStocks · BNB Chain748.41-0.37%Coinbase · Base746.64+0.22%Ondo · Solana--xStocks · Solana745.65-0.19% | $8.1M | $52.6M | 6 | $20.6M | $26.0M |
| SKHY SK hynix | 190.07 market | bStocks · BNB Chain189.07-0.53%Backpack · Solana187.54+0.59%Robinhood · Robinhood Chain190.36+0.15%Ondo · Solana-- | $3.7M | $4.3M | 4 | $227.4M | $24.1M |
| GLD Gold | 392.67 market | Robinhood · Robinhood Chain393.30+0.08%Ondo · Solana--xStocks · Solana392.46-0.14% | $9.3M | $14.0M | 2 | - | $20.2M |
| HOOD Robinhood | 125.55 market | bStocks · BNB Chain124.16-1.11%Backpack · Solana124.06-1.19%Ondo · Solana--xStocks · Solana125.17-0.30% | $2.2M | $628K | 6 | $19.5M | $19.2M |
| MRVL Marvell | 261.23 market | bStocks · BNB Chain--Robinhood · Robinhood Chain--Backpack · Solana--Ondo · Solana-- | - | - | 4 | $24.0M | $16.1M |
A grey premium means the reference is closed or stale: no premium is computed then.
The first 20 stocks by supply are shown. A Terminal membership opens the full board and the 7-day history.
Full history is a member feature. The full tokenized stock board and the 7-day premium and volume history are part of the Terminal membership.
Unlock full depth →Exchanges against onchain pools
Tokenized spot pairs per exchange and pools per DEX, with 24-hour volume.
| Venue | Pairs | Volume 24h |
|---|---|---|
| Binance | 54 | $163.5M |
| Gate | 149 | $65.6M |
| MEXC | 145 | $25.3M |
| Bybit | 11 | $6.0M |
| BingX | 36 | $5.9M |
| KuCoin | 2 | $1.9M |
| Phemex | 17 | $571K |
| Venue | Chains | Pools | Volume 24h |
|---|---|---|---|
| uniswap | Base, BNB Chain, Ethereum, Robinhood Chain | 384 | $151.6M |
| raydium | Solana | 132 | $58.9M |
| aerodrome | Base | 11 | $57.1M |
| pancakeswap | Base, BNB Chain | 81 | $50.1M |
| orca | Solana | 50 | $15.4M |
| ramses | Robinhood Chain | 31 | $11.0M |
| meteora | Solana | 29 | $7.9M |
| up | Robinhood Chain | 20 | $4.9M |
| alandale | Robinhood Chain | 11 | $2.6M |
| kittenswap | Robinhood Chain | 2 | $1.1M |
| giga | Robinhood Chain | 10 | $799K |
| sushiswap | Robinhood Chain | 1 | $4K |
| topaz | BNB Chain | 1 | - |
| stonfi | TON | 1 | - |
| other | Robinhood Chain | 1 | - |
Premium and volume over 7 days
Hourly readings of the five wrappers with the most DEX volume.
The 7-day history is a Terminal feature.
Full history is a member feature. The 7-day hourly history of premiums and DEX volume is part of the Terminal membership.
Unlock full depth →Weekend price discovery
Tokenized stocks trade on weekends while the stock market is shut. We record each wrapper on Sunday at 20:00 UTC against Friday's close, collecting since 2026-09-24: 0 of 30 observations so far.
The series opens on its own once it holds enough observations; no number is published before that.
Coverage and method
Every wrapper comes from an issuer source or an issuer fingerprint, never from a search by name: a token that only copies a ticker never enters.
| Issuer | Type | Chains | Wrappers | Source kind |
|---|---|---|---|---|
| xStocks | custodial wrapper | Ink, Solana, Ethereum, BNB Chain, X Layer, Optimism, TON, Mantle, HyperEVM, Arbitrum, Tron | 9,269 | issuer asset API |
| Robinhood Stock Tokens | custodial wrapper | Robinhood Chain | 195 | issuer asset API |
| Coinbase Tokenized Stocks | custodial wrapper | Base | 10 | issuer documentation list |
| Binance bStocks | custodial wrapper | BNB Chain | 55 | exchange listing plus contract fingerprint |
| Ondo Global Markets | custodial wrapper | Solana | 449 | verified token list with issuer tags |
| Backpack Securities | custodial wrapper | Solana | 59 | verified token list with issuer tags |
| Gate gStocks | exchange only | exchange pairs only | - | exchange market list |
Binance bStocks supply is the chain total of each token and includes the tokens the exchange holds in custody for its users. xStocks supply is the issuer's circulating figure across every chain it deploys to, shown as xStocks, all chains.
Which pools count
A pool counts toward a wrapper's price when it holds at least $50K of liquidity, printed at least 20 trades in 24 hours and sits within 5% of the median of the other pools that pass. The wrapper price is the liquidity-weighted median of those pools.
An exchange pair is kept when its price sits close to the real share (a token that only spells a ticker is dropped) and counts toward totals with at least $10K of 24-hour volume. Pairs on Binance, Bybit, Gate, MEXC, BingX, Phemex and KuCoin are collected.
A wrapper the issuer halts is listed greyed and weighs nowhere: not in prices, premiums, totals or history.
The reference price
The real share price comes, in this order, from an exchange index of the stock, the reference quote attached to the Solana wrappers, the issuer's own quote and onchain oracle feeds. A premium is computed only when the reference is at most 20 minutes old (60 for the issuer quote) and the session is open.
Every price is converted to one share: wrappers that pay dividends by raising a multiplier are divided by it before the premium is measured.
Cadence: the busiest wrappers and their exchange pairs every 10 minutes, every other pool and pair every hour, supply and holders once a day.
What is not collected
- Volumes from smaller exchanges whose figures cannot be verified.
- Kraken: its public API lists no tokenized stock pair.
- Ondo wrappers outside Solana: Ondo is Solana plus exchange pairs for now, pending a public address list.
- Stock perpetuals are covered on the TradFi board, not here.
Questions
What is a tokenized stock?
A token that tracks one listed share. A custodian holds the share, and the token trades on blockchains and exchanges at any hour. Depending on the issuer it is a claim on the share, a note, or a debt security; the table above names the type.
Why does a wrapper trade above or below the share?
Outside stock market hours the token keeps trading while the share does not, and only authorized participants can mint or redeem against the share. Thin pools and one-sided flow widen the gap; arbitrage closes it once the market reopens.
Why is there no premium on weekends?
The reference for the real share is closed, so any premium would compare a live token with a stale price. We show the price and mark the reference closed instead.