The tokenized asset market has crossed a major milestone, with Token Terminal data showing tokenized ETFs surpassed $1.1 billion in market capitalization. Ondo accounts for $632 million of that total, while Binance's bStocks contribute $284 million, marking a 440% increase over the past year.
Separately, Tokenized Strategy’s common and preferred stock (MSTR and STRC) reached a $475 million market cap, up 3,467% year over year. Ethereum accounts for $204 million of that tokenized stock market cap, underscoring its role as the leading blockchain for tokenized funds and real-world assets.
The growth reflects rising investor appetite for fractional, blockchain-based exposure to traditional equities and ETFs. Ethereum’s smart contract infrastructure supports issuance and settlement, while Ondo and Binance are emerging as key issuers. If regulatory clarity continues, tokenized securities could move from a niche trend toward mainstream market structure.
