Robinhood Leads Tokenized Stocks by Holders but Not by Money

Robinhood now leads every tokenized stock platform by holder count, four weeks after launching its own blockchain. 

Nonetheless, meme coins, not equities, still dominate the Robinhood Chain. Pons (PONS) has overtaken Cash Cat (CASHCAT) as the network’s largest token by market cap.

Robinhood Wins the Holders and Trails on Value

Tokenized equity holders crossed 752,000 in late July, up 92% over 30 days, according to DWF Labs. Robinhood drove most of that growth.

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Robinhood Chain became the largest blockchain by the number of stock token holders within a month of launch.That didn't happen overnight. Robinhood has spent more than a decade building a retail platform that it can now extend onchain. pic.twitter.com/NWZKZw3dvb

— Token Terminal 📊 (@tokenterminal) July 27, 2026

The platform reached 328,000 holders after launching on July 1, giving it a 44% share. However, the ranking does not hold when it comes to value. Its tokenized stock value sits at $44 million.

By comparison, Ondo holds $857 million and xStocks $487 million. The gap widens per holder. Robinhood averages $134, while Securitize averages $4.9 million across just 50 holders. That spread reflects who each platform actually serves.

“There’s a clear split in holder base across issuers. Securitize and Figure lean institutional. Robinhood towards retail. xStocks and Ondo have a mix of both through strategic integrations and partnerships,” DWF Labs stated.

Meme Coins Still Dominate Robinhood Chain Activity

Tokenized stocks are winning holders, while meme coins are winning value. PONS leads the network with a $44.68 million market cap and $11.4 million in 24-hour volume, according to Dune data.

CASHCAT follows at $39.90 million. The token topped $200 million on July 11, when it ranked as the largest asset on the chain.

TENDIES sits third at $11.17 million. The 10 largest tokens hold roughly $123 million in combined value, nearly triple the total value of tokenized stocks.

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