Tokenized versions of Circle Internet Group’s NYSE-listed shares remain the largest tokenized stock in the market, with a combined capitalization of $385.7 million. According to Token Terminal data published on October 25, 2026, this value grew 2,961% year over year. The bStocks, xStocks and Ondo platforms control roughly 94% of the supply, while BNB Chain holds about 62% of the tokenized value and Solana is the other primary network. As of October 20, 2026, $7.7 million worth of CRCLx tokens was deployed across decentralized finance protocols, mainly for liquidity provision and lending. Circle neither issues nor sponsors these products, which were created after its 2025 IPO and target investors outside the United States; the tokenized capitalization nevertheless represents only about 1.7% of Circle’s traditional equity market capitalization, estimated at $20 billion to $22 billion.
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