Tokenized Stocks Hit Record $2.3B Market Cap

The global market capitalization of tokenized stocks reached a record $2.3 billion on Wednesday, driven by growing investor interest in blockchain-based equity products.

The Ethereum network accounted for the largest share, at 34%, followed by BNB Chain with 30% and Solana with 23%, according to data from Token Terminal.

Kraken's xStocks and Binance's bStocks saw significant growth, contributing $507 million and $334 million respectively to the tokenized stock market capitalization.

Token Terminal also reported that Ondo Finance remained the largest issuer of tokenized stocks with $955 million in on-chain equities.