Onchain investors held $388 million in tokenized Circle shares, mainly issued on BNB Chain and Solana, representing about 2% of Circle’s market capitalization. In early November 2026, the tokenized market reached a peak of approximately $406.85 million after growing 2,961% year over year and recording $345 million in net minting. More than 42,200 wallets held the tokens as of October 20, 2026. Circle does not issue the tokens: Binance bStocks, xStocks and Ondo Finance dominate the market with about 94% of supply, while BNB Chain accounts for roughly 62% of the value. The tokens provide economic exposure to CRCL shares and can be used in decentralized finance, but they carry no voting rights, and their liquidity is split across multiple platforms and chains.
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