Key Highlights
- Tokenized stocks reached a $4 billion market capitalization, covering 2,061 reference stocks and 5,471 individual tokenized assets, according to Token Terminal.
- ETF-linked tokens led by reference stock with $792.8 million, or 19.9% of the market, followed by Circle-related tokens at $370.9 million, or 9.3%.
- Binance-linked products held $1.2 billion, or 29.7% of the market, while Ondo Finance accounted for $971.8 million and xStocks for $944 million.
The market capitalization of tokenized stocks reached $4 billion, according to data from Token Terminal (on October 17 at 17:05 UTC). The figure represents an increase of 92,511.2% from earlier levels. The total covers 2,061 stocks measured by reference stock and 5,471 assets measured by individual tokenized instruments.
According to Token Terminal data (on October 17 at 17:05 UTC), ETF-linked tokens accounted for the largest share by reference stock at $792.8 million, or 19.9% of the market. Circle stock (CRCL) followed at $370.9 million, or 9.3%. Other notable positions included SECZ at $255.2 million (6.4%), MSTR at $249.4 million (6.3%), SPCX at $232.0 million (5.8%), and STRC at $212.2 million (5.3%).
NVIDIA-linked stocks stood at $149.7 million (3.8%), Tesla at $128.2 million (3.2%), Micron at $122.6 million (3.1%), and Google at $111.7 million (2.8%). The remaining category labeled “Other” totaled $1.4 billion, or 34.1%.
When measured by individual tokenized asset, SECZ held $255.2 million (6.4%), followed by CRCLb at $147.9 million (3.7%), STRCx at $145.6 million (3.7%), and SPCXb at $138.0 million (3.5%). MSTRx stood at $108.7 million (2.7%), CRCLx was at $100.8 million (2.5%), CRCLon at $98.1 million (2.5%), MSTRb at $93.7 million (2.4%), QQQb at $93.4 million (2.3%), and TSLAx at $66.1 million (1.7%). The residual “Other” category accounted for 68.7% of the total under this breakdown, according to Token Terminal data (on October 17 at 17:05 UTC).
Binance-linked products and BNB lead in issuer and chain metrics
According to Token Terminal data (on October 17 at 17:05 UTC), by issuer, Binance-linked products held the largest position at $1.2 billion, or 29.7% of the market. Ondo Finance followed at $971.8 million (24.4%), and xStocks at $944.0 million (23.7%). Securitize accounted for $268.2 million (6.7%), Robinhood for $178.1 million (4.5%), and Reality for $145.0 million (3.6%). The data covered 24 issuers in total.
By blockchain, BNB Chain led with $1.5 billion, or 37.5% of the market. Ethereum held $826.9 million (20.8%), and Solana $715.8 million (18.0%). X Layer stood at $257.3 million (6.5%), Avalanche at $253.7 million (6.4%), and Arbitrum One at $184.3 million (4.6%). Robinhood Chain accounted for $150.3 million (3.8%). The data covered 18 chains, according to Token Terminal data (on October 17 at 17:05 UTC).
Tokenized stocks report 483% growth from January 2026
As earlier reported by The Crypto Times, the tokenized stocks market reached $3.8 billion in the week of October 5, 2026. According to DWF Labs, that figure represented growth of 483% from $654 million in the week of January 5. Over the same period, weekly trading volume on decentralized exchanges rose 55 times. The expansion coincided with product activity from Binance, Robinhood, and other firms.
DWF Labs reported that Ondo Finance remains the largest issuer of tokenized equities, though its market share has declined as other platforms have drawn additional capital. According to the firm, Ondo Finance held approximately $1 billion in tokenized equities during the week of October 5. The product later stood at $905 million, representing 24% of the overall market.
In a related development, Coinbase’s tokenized U.S. stocks became available as collateral in an Aave V4 lending market on Base on September 25. The market supports seven tokenized equities, AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc, with USDC as the sole borrowable asset at launch. The deployment operates through Aave’s dedicated Equities Hub on Base.
The latest figures place the overall market capitalization at $4.0 billion, with ETF-linked and CRCL-linked tokens holding the two largest individual shares by reference stock. Issuer concentration remains notable among Binance, Ondo Finance, and xStocks, while BNB Chain, Ethereum, and Solana account for the majority of activity by network.
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