Tokenized stock capitalization has reached a record 3.9 billion dollars according to Token Terminal, with BNB Chain leading at approximately 1.2 billion dollars, followed by Ethereum (841.9 million) and Solana (741.7 million). These three networks together represent nearly 71% of the market tracked by the platform. Since September 25, seven Coinbase-tokenized US stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) can be deposited as collateral on Aave V4 to borrow USDC. The Ethena protocol has also integrated tokenized stocks into its USDe synthetic dollar strategy, combining them with short positions on equity perpetual futures.
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