CRCLb, the tokenized version of Circle stock on BNB Chain, led all tokenized Circle variants in 30-day market cap growth, adding $45.4 million over the period. Total tokenized CRCL exposure stands at approximately $314 to $345 million, representing about 1.7% of Circle’s equity market cap valued at over $20 billion. This growth reflects a broader trend: the tokenized equities market rose from under $20 million in late 2024 to an all-time high of $3.1 billion by September 2026. CRCLb, launched in June 2026, operates through Binance’s bStocks product and is backed 1:1 by actual Circle shares held at regulated broker-dealers. Circle is listed on the NYSE under the ticker CRCL following its 2025 IPO.
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