The market value of the tokenized stock market hit a record high of US$3.9 billion.
According to Token Terminal data, the total market value of the tokenized stock market has climbed to a record high of US$3.9 billion. This milestone marks the continued development of traditional financial asset markets based on blockchain technology. Tokenized stocks are digital tokens designed to provide exposure to shares of a listed company. Depending on the product structure, they may represent ownership interests or track the value of the underlying stock.
Unlike regular stocks traded through stock exchanges, these products utilize blockchain infrastructure to record ownership, transfers, or settlements. The latest data shows that blockchain-based stock products are attracting more and more market attention. However, the $3.9 billion valuation reflects the reported size of the tokenized stock market rather than the total value of traditional stocks around the world.
BNB Chain, Ethereum and Solana account for approximately 70% of the market share
The market value of the tokenized stock market is highly concentrated on the three major blockchain networks. According to Token Terminal statistics, BNB Chain, Ethereum and Solana together account for approximately 70% of the market share. Based on the reported total of $3.9 billion, the combined market value of the tokenized shares of these three is approximately $2.73 billion. The remaining 30%, or approximately $1.17 billion, is distributed across other networks.
This concentration highlights the important role of these three ecosystems in supporting blockchain-based financial products. Each network provides the underlying facilities for issuing, transferring, and interacting digital assets through blockchain applications. However, the data did not determine which of the three networks had the largest individual share.
The significance of the market capitalization of tokenized stocks
This record valuation highlights the broader trend of introducing traditional financial instruments into blockchain networks. Tokenization has the potential to make certain assets easier to transfer and integrate with digital financial services. Depending on the regulations governing product design and its distribution, it may also support new ways of accessing financial markets.
Still, tokenized stocks are not necessarily identical to traditional stocks. Investor rights, dividend eligibility, redemption arrangements and trading restrictions may vary significantly between different products. These differences are crucial for anyone considering investing in blockchain-based stocks.
The growth in the market value of the tokenized stock market also reflects the expanding intersection between decentralized technology and traditional finance. With the market size reaching US$3.9 billion and BNB Chain, Ethereum and Solana accounting for approximately 70% of its value, Token Terminal's data points to increasingly active activity in this emerging field. Whether the market will continue to set records will depend on investor demand, product development and regulatory conditions.

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