Tokenized stock spot trading volume hit $15.12 billion in Q1 2026, already eclipsing the entire $14.84 billion recorded across H2 2025, according to CoinGecko data. The acceleration signals that institutional appetite for on-chain equity exposure is no longer a niche experiment — it's compounding.
The broader tokenized real-world asset market grew 256.7% over 15 months, rising from $5.42 billion at the start of 2025 to $19.32 billion by end of Q1 2026. Tokenized gold was the standout: $90.7 billion in Q1 spot volume alone, already surpassing its full-year 2025 total. RWA perpetuals reached $524.79 billion in Q1 — nearly 68% above the $313.02 billion logged across all of 2025.
The pace of these numbers suggests the RWA category has crossed a structural inflection point, with each quarter now setting records the previous full year couldn't match.
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