Tokenized stocks market cap reaches record $3.8 billion

The total market capitalization of tokenized stocks reached an all-time high of $3.8 billion, according to data from Token Terminal. Ondo Finance leads all issuers with $1.0 billion in tokenized stock assets, followed by xStocks at $929.7 million and Binance bStocks at $886.1 million. Together, these three issuers account for approximately 74% of the total tokenized equities market. Other issuers tracked include Securitize at $316.6 million, Robinhood at $174.6 million, Reality at $143.9 million, Republic at $75.7 million, Superstate at $59.4 million, Backpack at $29.3 million, and Coinbase at $28.8 million.^[1][4]

At the individual asset level, SECZ leads the sector with a market capitalization of $302.6 million, followed by CRCLb at $141.8 million and STRCx at $137.8 million, as reported by Token Terminal and Cointelegraph. Other leading assets include MSTRx at $116.4 million, CRCLon at $100.2 million, MSTRb at $94.7 million, and SPCXb at $92.6 million.^[2][3]

Across blockchain networks, BNB Chain represents the largest share with $1.2 billion in tokenized stocks, followed by Ethereum with $841.4 million and Solana with $753.4 million, combining for about 74% of the market. Additional activity is spread across Avalanche ($300.9 million), X Layer ($234.1 million), and Arbitrum ($187.9 million). Token Terminal charts show a 90,835.8% rise in tokenized stock market capitalization from near zero in early 2024, growth that Crypto Briefing reported highlights increasing retail interest and potential regulatory shifts.^[4][5]