Ondo Finance added $167.4 million in tokenized ETF market capitalization year-to-date, making it the leading issuer in the on-chain segment as institutional demand for regulated traditional asset exposure grows.
Binance's bStocks followed with $119.8 million in market cap growth over the same period. The exchange's xStocks platform added $64.9 million, placing it third.
Combined inflows pushed the tokenized ETF market past $500 million in total market capitalization, reaching an all-time high of $526.4 million. Ondo holds 66.4 percent of that market, according to on-chain data.
Over the past 12 months, Ondo attracted $338.6 million in new market capitalization. Binance bStocks gained $101.8 million over the same window; xStocks added $85.9 million.
Ondo's core product gives eligible investors outside the United States access to short-term Treasuries and money market returns directly on-chain. Its tokenized shares support instant minting and redemptions across Ethereum, BNB Chain and Solana.
Binance's bStocks and xStocks offer tokenized stock trackers and indexed baskets, giving traders exposure to traditional equity instruments from within decentralized ecosystems.
Capital has concentrated around issuers that pair regulatory compliance with wide cross-chain distribution. Ethereum commands 62.2 percent of the tokenized ETF market, reinforcing its position as the primary settlement layer for these instruments.
Mid-sized tokenization platforms also recorded steady inflows over the past year, with several providing dedicated compliance rails and regional access points for institutional desks requiring specific regulatory frameworks.
