Gold Surges, Driving Tokenized Stocks and Commodities to Record December Valuation

Forget the old safe haven—digital gold just stole the show. The tokenized asset market, long touted as the future of finance, just had its 'arrival' moment, and it was led by the oldest store of value in the book.

The Golden Catalyst

Gold's rally didn't just move physical markets; it supercharged its digital twins on-chain. This surge provided the foundational thrust, proving that real-world asset (RWA) tokenization isn't a niche experiment. It's where institutional momentum meets blockchain efficiency, creating a liquidity engine for everything from commodities to corporate shares.

A Record-Breaking Convergence

December's record valuation wasn't a fluke—it was a convergence. As gold led, other tokenized commodities and equities followed, painting a clear picture: digital asset infrastructure is now mature enough to handle traditional market volatility and translate it into on-chain growth. The pipes are built, and the money is flowing.

The New Market Reality

This milestone bypasses the theoretical debates. It cuts straight to a new reality where tokenized Treasuries, stocks, and raw materials aren't just parallel assets—they're integrated components of a broader digital economy. The record speaks for itself, offering a potent counter-argument to anyone still viewing crypto solely through the lens of memecoins and speculation.

Of course, watching traditional finance scramble to digitize its own assets—after years of skepticism—offers a delicious slice of irony. The very institutions that once dismissed the technology are now racing to build their own rails, hoping to capture the efficiency they failed to invent.

The takeaway is blunt. When gold—the ultimate symbol of traditional value—becomes the lead driver for a record-breaking month in tokenization, the narrative officially flips. The bridge between old and new isn't coming; it's already here, and it's built on blocks.

Tokenized stocks are harder to account for in full, due to several standards and platforms. Ondo reports around $368M in tokenized stocks. XStocks reports around $300M in tokens, excluding the market cap of chainlink (LINK).

Other markets also exist, with various approaches to tokenization. However, in 2025, ONDO and XStocks tokenized shares turned into industry leaders. 

Tokenized stocks reach a wider circle of investors

Tokenized stocks are showing record adoption, based on the addition of new wallets. While stablecoins make the bulk of tokenized RWAs, more wallets are moving into commodities, stocks, funds, and private credit. 

The whole of 2025 showed rapidly expanding ownership of various tokenized asset classes. Wallet owners expanded to over 571K, still a fraction of legacy stablecoin holders. However, tokenization is proving to be a lasting trend with growing infrastructure. 

XStocks solves bridging

One of the problems with stock tokenization is how corporate events such as splits and dividends are reflected on-chain. 

Recently, XStocks introduced XBridge, which can shift stocks between solana and Ethereum. While simple tokens are bridged daily, tokenized stock bridging may pose challenges due to the different ways of reflecting corporate events. 

Introducing the xBridge

xStocks can now move freely across chains. With @chainlink's CCIP as its cross-chain infra, the xBridge connects Solana to ethereum and more, the first bridge to preserve rebasing for tokenized equities.

The future is open, composable, and omnichain. pic.twitter.com/x1zD436500

— xStocks (@xStocksFi) December 12, 2025

The bridge is the first step to launching XStocks on multiple chains, while preserving the exact value and features of each tokenized share. 

Tokenized stocks are one of the drivers of Solana adoption. Recently, stock tokenization became the fastest-growing asset on Solana, displacing previous stars like meme tokens. 

Competition is coming from other platforms, as with Robinhood’s stock tokenization on Arbitrum. Overall, tokenized stocks are growing their appeal, after a prolonged season of betting on tokens with no intrinsic backing.

Stock tokenization also allows international traders much easier access to US equities. In 2025, international investors aimed to tap the growth of US companies, creating tensions on the legal status of tokenized assets.  

Some of the available tokenized stocks are permissionless, while others are tied to fully vetted, KYC accounts on centralized exchanges. 

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