Global Token Stock Trading Up 3.5x This Year with 24/7 Access... SK hynix Sees Active Growth [Bitcoin Now]

Tokenized Stock Products Surge 252% This Year
Four Types of SK hynix ADR Token Stocks Launched
Futures Product Offering 150x KOSPI Leverage Also Released

The trading volume of 'tokenized stocks', which can be traded 24 hours a day via blockchain, is increasing rapidly. With SK hynix American Depositary Receipts (ADR) having started trading on the NASDAQ in the United States, activity has also soared in both tokenized stocks and perpetual futures products that track these assets. Tokenized stocks refer to actual shares of stock or exchange-traded funds (ETFs) listed on traditional securities exchanges, which are held in custody and then converted into on-chain tokens.

According to RWA analytics platform RWA.xyz, as of August 8, the global market capitalization for tokenized stocks stood at $2,369.92 million (about KRW 3.34 trillion). This represents a 252% increase from $673.01 million on January 1, 2026. RWA refers to products in which assets or rights are securitized and issued on blockchains in token form. Tokenized stocks had the second-fastest growth rate among 13 asset categories classified by the platform. During the same period, tokenized venture capital (VC) assets—including stakes in startups and venture funds—surged by 271%, from $275.78 million to $1,022.03 million. Tokenized private equity funds (PEF) also increased by 201.94%, from $419.17 million to $1,265.67 million.

The proportion of tokenized stocks within the entire RWA market has also expanded. Total RWA market size grew by about 50%, from $25,417.57 million at the beginning of the year to $38,167.57 million. During the same period, tokenized stocks' share of the market increased by 3.56 percentage points, from 2.65% to 6.21%.

Among all tokenized stocks, the most actively traded are those related to Circle, the stablecoin issuer. The market capitalization of Circle-related tokenized stocks stands at $218 million (KRW 307.8 billion), with eight distinct tokenized stock types issued based on these assets. The second-highest is Securitize, a tokenization platform that turned its own shares into blockchain tokens on the first day of its New York Stock Exchange (NYSE) listing, reaching a market capitalization of $191.3 million. Other notable companies include MicroStrategy ($151.3 million), SpaceX ($132.6 million), Micron ($117.5 million), and SanDisk ($115.7 million).

ETF tokenization is also sizable. The market capitalization of tokenized ETFs that track the S&P 500 (ticker: SPY) and the NASDAQ 100 index (ticker: QQQ) reached $102.8 million and $91.9 million, ranking seventh and eighth, respectively.

The companies with the most diverse forms of tokenized stocks are Tesla, Nvidia, and MicroStrategy, each with 11 distinct token versions. Unlike physical stocks, tokenized stocks are not listed on a single exchange; they are converted into tokens and traded on a variety of virtual asset exchanges and platforms. Coinbase shares have also been tokenized in 10 different forms.

Tokenized stocks related to Korean companies have also been growing rapidly post-listing. After SK hynix listed on NASDAQ last month, four tokenized products based on SK hynix American ADRs were launched. According to CoinMarketCap, the combined market capitalization of tokenized SK hynix ADRs stood at $41.77 million (about KRW 5.9 billion) as of August 10. By token, 'SKHYB', distributed via Binance’s tokenized stock service 'bStocks', accounted for $28.63 million, or 68.5% of the total. 'SKHYx', issued by ExStocks, came next at $7.04 million. 'SKHY' from Backpack and 'SKHYOn' from OntoFinance were valued at $3.48 million and $2.62 million, respectively. At one point, the market capitalization of SK hynix-related tokenized stocks exceeded KRW 10 billion, reaching $70.09 million (about KRW 10.38 billion) on July 22.

There are, as yet, no tokenized stocks based on physical Samsung Electronics shares. This is because foreign tokenization platforms typically purchase and tokenize stocks listed on the U.S. stock market.

There has also been robust trading in perpetual futures that do not use physical stocks as their underlying asset, but instead track the price or stock trends. Last month, Binance, the world’s largest virtual asset exchange, launched SKHYUSDT—a perpetual futures contract based on SK hynix ADRs. In addition, perpetual futures products linked to Samsung Electronics and Hyundai Motor Company are also being traded. As of July 15, the 24-hour trading volume for these products reached $1.56 billion (about KRW 2.3 trillion), ranking third among Binance perpetual futures offerings.

Such perpetual futures products allow for leverage up to 150 times. Binance has also begun supporting trading of KORUUSDT, a futures derivative enabling up to 50 times leverage investment on KORU, a U.S.-listed ETF. KORU is a leveraged ETF that tracks the daily KOSPI returns with 3x leverage, and when combined with 50x leveraged trading, it allows for bets up to 150 times one's principal. For example, if the KOSPI rises by 1%, gains could reach 150%. Conversely, even a slight drop can result in the loss of your entire principal.

This content was produced with the assistance of AI translation services.