By Allium Research
Tokenized Equities Onchain: $4B and Growing
Onchain Research · Ecosystem Report · May 2026 · By Elton Shehdula
Tokenized equities now represent $4.17B in onchain exposure across two parallel markets: $1.67B in spot equity wrappers (up 13.6x year-over-year) and $2.50B in Hyperliquid HIP-3 perpetual open interest (up 3.3x in 90 days). This report maps both sides as of May 19, 2026, covering every active issuer, venue, and builder, with growth multiples by category and five regulatory catalysts due in the next 90 days.
Informational only. Not investment advice.
By Elton Shehdula, Research Lead @Allium
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