The following is a guest post and analysis from Vincent Maliepaard, Marketing Director at Sentora. A year ago, tokenized equities barely registered as an asset class. Today, the market is approaching $1 billion—a nearly 30x increase—and December 2025 may have delivered the regulatory clarity needed for institutional adoption to accelerate. What changed? Three things: a small group of platforms moved fast to capture market share, regulators started building actual frameworks instead of issuing warnings, and traditional finance players began treating blockchain settlement as infrastructure rather than an experiment. The Race to ScaleWhen Ondo Global Markets launched in September 2025, it became the largest tokenized stock platform within 48 hours.
