Crypto exchanges are increasingly becoming distribution platforms for Wall Street exposure as trading in tokenized stocks and real-world asset derivatives accelerates across crypto markets.

Tokenized assets became the most-listed category across major centralized exchanges in the first half of 2026, accounting for nearly one in every five new listings, CryptoRank data shows. The category represented less than 7% of listings in 2025.

The expansion was driven largely by tokenized equities issued through platforms including xStocks, bStocks and Ondo’s tokenized markets.

Their rise marks a sharp change in exchange strategy after years in which memecoins, gaming tokens and other crypto-native assets dominated listing pipelines.

The shift comes…