Woofun AI data shows that the market capitalization of tokenized stocks reached approximately $1.7 billion by the end of June, representing a growth of over five times compared to $329 million recorded one year prior. This expansion establishes tokenized equities as one of the fastest-growing segments within the tokenized asset category.

Unlike stablecoins, the valuation of tokenized stocks reflects both new issuance and underlying asset price movements.

However, the recent surge is primarily attributed to issuance expansion, with more than half of the current market cap derived from assets that were not on-chain a year ago. Most of this new balance materialized mid-year, after significant price changes in the underlying stocks had already occurred.