How far do tokenized stocks trade from the real share?
The stock market is closed, so no premium is measured right now; $4.02B of shares sit onchain across 1,786 stocks and $81.0M changed hands on DEXs in 24 hours.
Venues contributing: 7 of 7 · all fresh · as of 12:40 UTC
Where the supply sits
Supply in dollars: shares in circulation times the share price. One bar per issuer, split by chain.
Which issuers hold the supply, and on which chains?
Binance bStocks and xStocks hold 63% of the supply onchain.
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.
The board
Every stock with a tokenized wrapper, largest supply first. Select a row to see its wrappers and to light them up on the map above.
| CRCLCircle | 67.65closed | 12no fresh price | $7.8M | $1.1M | 11 | $99.1M | $368.9M |
| SPCXSpaceX | 135.38closed | 9no fresh price | $16.9M | $5.8M | 9 | $495.4M | $348.6M |
| MSTRMicroStrategy | 128.80closed | 13no fresh price | $8.5M | $12.4M | 9 | $79.6M | $281.7M |
| QQQNasdaq | 657.44closed | 12no fresh price | $8.2M | $1.6M | 8 | $125.2M | $237.4M |
| GOOGLAlphabet | 285.51closed | 15no fresh price | $7.5M | $4.4M | 10 | $201.3M | $234.6M |
| STRCStrategy PP Variable | 99.75closed | 8no fresh price | $360K | $46K | 1 | $11.8M | $179.3M |
| SPYSP500 | 737.32closed | 13no fresh price | $11.7M | $7.5M | 9 | $36.1M | $166.8M |
| NVDANVIDIA | 187.89closed | 14no fresh price | $16.9M | $5.8M | 11 | $74.3M | $152.6M |
| MUMicron Technology | 696.78closed | 9no fresh price | $4.4M | $295K | 4 | $220.8M | $139.1M |
| SNDKSandisk Corporation | 836.83closed | 10no fresh price | $2.2M | $11.5M | 4 | $362.3M | $132.7M |
| TSLATesla | 358.40closed | 15no fresh price | $8.2M | $3.3M | 12 | $41.6M | $124.6M |
| INTCIntel | 56.48closed | 14no fresh price | $1.0M | $148K | 5 | $121.8M | $116.0M |
| SOXLDirexion Semiconductor Bull 3X | 46.57closed | 8no fresh price | $60K | $17K | 4 | $375.4M | $78.6M |
| IVV | - | 5no fresh price | - | - | - | - | $60.3M |
| EXOD | - | 6no fresh price | - | - | - | - | $60.3M |
| FIGRFigure Technology Solutions | - | 6no fresh price | - | - | - | - | $51.6M |
| FWDIForward Industries | 5.69closed | 4no fresh price | - | - | 1 | $713K | $42.2M |
| COINCoinbase | 134.27closed | 10no fresh price | $3.0M | $2.8M | 11 | $17.9M | $41.5M |
| TQQQTQQQ | 52.45closed | 10no fresh price | $101K | $1K | 4 | $36.1M | $40.5M |
| BNC | 4.95closed | 2no fresh price | $5.0M | $6.0M | 1 | $6.5M | $38.7M |
| SKHYSK hynix | 129.10closed | 8no fresh price | $5.0M | $1.0M | 5 | $173.2M | $35.5M |
| METAMeta | 612.19closed | 12no fresh price | $5.8M | $2.6M | 10 | $26.7M | $33.7M |
| AAPLApple | 342.67closed | 13no fresh price | $3.3M | $551K | 11 | $46.4M | $32.8M |
| HIMSHims & Hers | 26.01closed | 11no fresh price | $986K | $322K | 2 | $672K | $31.8M |
| AMZNAmazon.com | 260.50closed | 13no fresh price | $1.7M | $351K | 10 | $14.0M | $27.3M |
The first 25 stocks by supply are shown. A Terminal membership opens the full board and the 7-day history.
Exchanges against onchain pools
Where does more trade in 24 hours: DEX pools or exchanges?
52% of the 24-hour volume trades onchain.
- aeroBase, Robinhood Chain · 17 pools$36.0M
- uniswapArbitrum, Base, BNB Chain, Ethereum, Robinhood Chain · 115 pools$11.7M
- pancakeswapBase, BNB Chain, Solana · 46 pools$9.8M
- raydiumSolana · 88 pools$9.3M
- orcaSolana · 29 pools$5.3M
- metricBNB Chain, Robinhood Chain · 13 pools$5.3M
- Binance97 pairs$30.8M
- MEXC150 pairs$21.8M
- KuCoin11 pairs$14.3M
- Gate146 pairs$3.7M
- Bybit11 pairs$2.7M
- BingX40 pairs$2.5M
- Phemex17 pairs$63K
Seven days
Is the gap to the share widening or closing?
membersWeekend price discovery
Each Sunday at 20:00 UTC, every wrapper price against its underlying's Friday reference close: how many readings per issuer, and the median, 10th and 90th percentile of the gap in percent. A thin pool far off the close moves the percentiles, not the median.
| Sunday | Issuer | Readings | Median | P10 | P90 |
|---|---|---|---|---|---|
| 2026-11-01 | Ondo Stocks | 141 | +0.42% | -0.31% | +2.03% |
| 2026-11-01 | Binance bStocks | 82 | +0.17% | -0.48% | +1.39% |
| 2026-11-01 | Gate gStocks | 55 | +0.13% | -0.51% | +1.15% |
| 2026-11-01 | xStocks | 26 | +0.08% | -0.44% | +0.78% |
| 2026-11-01 | Robinhood Stock Tokens | 16 | +0.03% | -0.61% | +0.98% |
| 2026-11-01 | Backpack Securities | 11 | +1.28% | +0.77% | +1.57% |
| 2026-11-01 | Coinbase Tokenized Stocks | 7 | +1.04% | -0.02% | +2.83% |
| 2026-10-25 | Ondo Stocks | 144 | +0.72% | -0.14% | +2.47% |
| 2026-10-25 | Binance bStocks | 84 | +0.61% | -0.39% | +2.86% |
| 2026-10-25 | Gate gStocks | 53 | +0.45% | -0.37% | +2.63% |
| 2026-10-25 | xStocks | 24 | +0.41% | -0.06% | +0.77% |
| 2026-10-25 | Robinhood Stock Tokens | 19 | +0.09% | -0.42% | +0.89% |
| 2026-10-25 | Backpack Securities | 9 | +1.70% | -0.33% | +3.12% |
| 2026-10-25 | Coinbase Tokenized Stocks | 7 | +0.24% | -0.26% | +1.35% |
| 2026-10-18 | Ondo Stocks | 139 | -0.03% | -1.69% | +1.58% |
| 2026-10-18 | Binance bStocks | 97 | -1.54% | -3.53% | -0.04% |
| 2026-10-18 | Gate gStocks | 58 | -1.19% | -2.99% | +0.21% |
| 2026-10-18 | xStocks | 22 | -0.66% | -1.72% | +0.19% |
| 2026-10-18 | Robinhood Stock Tokens | 21 | -0.58% | -2.11% | -0.06% |
| 2026-10-18 | Coinbase Tokenized Stocks | 7 | -0.91% | -2.06% | -0.03% |
| 2026-10-18 | Backpack Securities | 6 | -1.48% | -2.29% | +0.20% |
| 2026-10-11 | Ondo Stocks | 136 | +0.45% | -0.23% | +2.18% |
| 2026-10-11 | Binance bStocks | 78 | +0.54% | -0.39% | +1.74% |
| 2026-10-11 | Gate gStocks | 47 | +0.38% | -0.40% | +1.08% |
| 2026-10-11 | xStocks | 26 | +0.70% | +0.09% | +1.65% |
| 2026-10-11 | Robinhood Stock Tokens | 17 | +0.08% | -0.24% | +0.96% |
| 2026-10-11 | Coinbase Tokenized Stocks | 11 | +0.59% | +0.05% | +0.99% |
| 2026-10-11 | Backpack Securities | 9 | +0.61% | -0.32% | +3.61% |
| 2026-10-04 | Ondo Stocks | 136 | +0.37% | -0.32% | +2.04% |
| 2026-10-04 | Binance bStocks | 83 | +0.19% | -0.37% | +1.26% |
| 2026-10-04 | Gate gStocks | 43 | +0.19% | -0.35% | +0.85% |
| 2026-10-04 | xStocks | 24 | +0.50% | +0.02% | +1.98% |
| 2026-10-04 | Robinhood Stock Tokens | 17 | +0.16% | -0.23% | +1.35% |
| 2026-10-04 | Coinbase Tokenized Stocks | 12 | +0.26% | -0.05% | +0.43% |
| 2026-10-04 | Backpack Securities | 10 | +0.04% | -0.49% | +4.96% |
| 2026-09-27 | Ondo Stocks | 139 | +0.50% | -0.17% | +2.18% |
| 2026-09-27 | Binance bStocks | 83 | +0.39% | -0.30% | +1.61% |
| 2026-09-27 | Gate gStocks | 53 | +0.21% | -0.23% | +1.29% |
| 2026-09-27 | xStocks | 24 | +0.38% | -0.03% | +2.52% |
| 2026-09-27 | Robinhood Stock Tokens | 23 | +0.07% | -0.31% | +1.36% |
| 2026-09-27 | Backpack Securities | 9 | -0.15% | -1.07% | +0.87% |
| 2026-09-27 | Coinbase Tokenized Stocks | 7 | +0.14% | -0.14% | +0.85% |
How we measure
Issuers, admission rules, the reference price, cadence and what is not collected
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 Stocks, Backpack Securities, Reality (Bitget), Superstate Opening Bell, Figure, Dinari dShares and Securitize (Exodus)), 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.
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 | Source kind | Wrappers |
|---|---|---|---|---|
| xStocks | custodial wrapper | BNB Chain, Ethereum, Ink, Optimism, Solana, TON, X Layer, Mantle, HyperEVM, Arbitrum, Tron | issuer asset API | 14,171 |
| Robinhood Stock Tokens | custodial wrapper | Robinhood Chain | issuer asset API | 203 |
| Coinbase Tokenized Stocks | custodial wrapper | Base | issuer token API | 100 |
| Binance bStocks | custodial wrapper | BNB Chain | exchange coin list plus contract fingerprint | 100 |
| Ondo Stocks | custodial wrapper | Solana, BNB Chain, Ethereum, HyperEVM | issuer address list plus contract fingerprint | 1,415 |
| Backpack Securities | custodial wrapper | Solana | verified token list with issuer tags | 90 |
| Gate gStocks | exchange only | exchange pairs only | exchange market list | - |
| Reality (Bitget) | custodial wrapper | Arbitrum, Morph | issuer asset API | 6,451 |
| Superstate Opening Bell | share issued onchain | Solana, Ethereum, Linea | issuer asset API | 5 |
| Figure | share issued onchain | Provenance | restricted share marker on Provenance | 1 |
| Dinari dShares | custodial wrapper | Arbitrum, Base, Ethereum, Plume | issuer factory contract check | 824 |
| Securitize (Exodus) | share issued onchain | Algorand | the issuer's share token record on Algorand (transfer agent Securitize) | 1 |
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.
Supply in dollars uses the reference price of the share; without one, the price the issuer publishes for its token or the average price of its trades over 24 hours, then another issuer's published price for the same share, then the wrapper's own price on its pools or exchange pairs. A wrapper with none of these is still counted, in shares, but adds no dollars, and the API names the price behind each value.
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.
- Securitize: the Exodus share it issues on Algorand and Ethereum is not counted, because no issuer page we can reach names the token and no filing names the Algorand asset.
- Dinari dShares: not counted, because the issuer's asset pages list tickers without token addresses and its documentation names one contract as an example, not a list.
- Pools on Morph and Provenance: no DEX data source covers them, so wrappers there show supply only.
- Stock perpetuals are covered on the TradFi board, not here.
Questions
What is a tokenized stock?
Why does a wrapper trade above or below the share?
Why is there no premium on weekends?
Source: ByKaranteli, https://bykaranteli.com/tokenized-stocks, data as of 2026-11-08 12:40 UTC