Jupiter’s Off-Market Tokenized Equity Volume Surges 360% Year to Date

Jupiter’s off-market tokenized equity trading volume has surged approximately 360% year to date, highlighting growing demand for round-the-clock access to on-chain stocks. The Solana-based DeFi superapp also reported a sharp increase in tokenized equity holders and continued expansion of related lending activity.

After-Hours Trading Drives Growth

More than 65% of tokenized equity volume on Jupiter takes place outside traditional market hours or during weekends. That activity suggests users are turning to blockchain-based markets to trade when the Nasdaq and New York Stock Exchange are closed.

Jupiter’s off-market growth has outpaced its broader routed volume, which has increased by roughly 300% year to date. The platform previously recorded $176.8 billion in total spot trading volume in the third quarter of 2025 and now supports spot trading, perpetual contracts and lending alongside tokenized assets.

The number of on-chain tokenized equity holders has reached 759,000, representing a 449% year-to-date increase and a 73% month-over-month rise. The figures indicate that tokenized stocks are gaining a user base beyond an early niche of crypto-native traders.

Solana Becomes the Main Settlement Layer

Solana accounts for approximately 85% of all on-chain tokenized equity transactions, according to the reported data. Jupiter’s position as a major trading interface and aggregator places it at the center of that activity.

The platform’s tokenized equity infrastructure was strengthened through partnerships with Securitize and Jump Trading, formalized in May and June 2026. Their roles divide the market’s requirements across compliance, liquidity and user access:

• Securitize provides the regulatory framework as a registered transfer agent and SEC-registered platform.
• Jump Trading supplies institutional-grade liquidity.
• Jupiter offers the trading interface and access to DeFi composability.

Tokenized stocks are also being used beyond simple ownership. On July 23, tokenized equities pledged as collateral in DeFi lending reached a record $53 million, with Jupiter Lend holding approximately $20 million of that value.

What This Means

For Solana, the data points to a growing role in the market for tokenized securities, particularly where continuous access and DeFi utility are important. Jupiter may benefit from trading fees, lending revenue and potential future settlement-related income, giving JUP holders additional platform activity to monitor.

However, the growth comes with risks. Regulatory treatment of tokenized securities remains subject to change, and shifts in the approach of the SEC or CFTC could create headwinds. Solana’s approximately 85% market share also concentrates infrastructure exposure on one network. If Jupiter can maintain liquidity, compliance and reliability, its expansion could help establish tokenized equities as a meaningful Solana-native financial market.