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Tokenized Stocks Shift From Crypto to AI and Chips

AI and chip stocks are quickly gaining ground in tokenized stocks, while crypto-linked names are slipping back. The market grew to $1.7 billion and is also pulling BlackRock and Robinhood toward tokenization.

By Zenz van der Wielen
• 2 min read
Tokenized Stocks Shift From Crypto to AI and Chips

Key Takeaways

  • Tokenized stocks expanded from $329 million to $1.7 billion in one year, with most of the growth coming from new issuances.
  • Crypto-linked names dropped from 79 percent to 21 percent of the market, while AI and chip stocks climbed to 15.5 percent.
  • Major firms such as BlackRock and Robinhood are moving toward tokenization, helping push the market beyond crypto.

Tokenized stocks have changed a lot over the past year. Crypto-linked names used to dominate the market, but their share has fallen to 21 percent. Meanwhile, AI and chip stocks have been moving up quickly. The result is a tokenization market that looks less like a crypto-only trade and more like a wider way to bring traditional stocks onto the blockchain.

The Market Is Growing Fast

According to data from a16zcrypto, the tokenized stocks market reached $1.7 billion (€1.5 billion) at the end of June, up from $329 million (€288 million) a year earlier. That is about a fivefold increase in 12 months. Most of that growth came from new issuances rather than price appreciation. More than half of the market now consists of assets that were not on-chain a year ago.

That pattern matches a broader shift in tokenization. The number of listings has surged more than 3,000 percent since January 2024 through May 2026, a sign that the category is moving past its early stage. Large names like BlackRock and Robinhood are also taking steps toward tokenization, which shows the idea is no longer confined to crypto.

AI and Chips Are Taking the Lead

The biggest change is in what the market is made of. Crypto-linked products have fallen from 79 percent of market cap to 21 percent. At the same time, the "other stocks" category, which includes a long tail of hundreds of smaller listings, has grown to 35 percent of the market.

AI and chip stocks have been the standout winners. Their share has risen from 0.3 percent to 15.5 percent over the past year. Micron and SanDisk are the biggest names in that group, with tokenized market values of about $120 million (€105 million) and $102 million (€89.3 million), respectively. Both are ahead of tokenized Nvidia, which according to CoinGecko sits at roughly $85 million (€74.4 million).

That mix suggests traders are not only chasing exposure to GPU makers, but also to the wider AI hardware supply chain, including memory and storage. It also reflects the semiconductor sector's momentum during the AI boom. Capital is flowing toward the same theme outside tokenized stocks too, as seen in the rise of the AI-related bond market, where companies and investors are directing billions into data centers and infrastructure.

What This Says About Tokenization

For European crypto readers, the takeaway is that tokenized stocks are becoming a bridge between traditional markets and blockchain infrastructure. If more major companies and financial firms keep leaning into tokenization, the market could grow well beyond its original crypto niche. At the same time, the current breakdown shows that supply and demand are still shifting quickly as new stocks keep getting added.

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