
The tokenization train isn't waiting for the U.S.
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition π The tokenized stock market has surpassed
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition π The tokenized stock market has surpassed $3.7b on Token Terminal, and about 95% of it tracks U.S. listed stocks and ETFs. Yet very little of it is issued in the U.S. Issuers incorporated outside of the U.S. account for 90.4% of the market cap of tokenized stocks, spread across several jurisdictions. This dynamic shows how issuers launch wher
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Tokenized stocks are where stablecoins were in 2020
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition π Stablecoins took a U.S. asset, the

Tokenized Strategy stock works like an unsponsored ADR today
Each week in The Snapshot, we share data-driven insights, highlight new listings, and showcase our latest product updates. Read on for the latest edition π Like an unsponsored ADR in reverse, 16

Tokenized Circle stock works like an unsponsored ADR today
Like an unsponsored ADR in reverse, 13 issuers or tokenization platforms, none of which are Circle, sell tokens of the companyβs CRCL stock onchain. The three largest had 93.7% of the $393M market cap

Coinbase-issued tokenized stocks are bringing new borrowers to Aave on Base
Quick read: Since Sep 25, 2026, holders of Coinbase-issued tokenized stocks of the Magnificent 7 have been able to borrow USDC against them on Aave on Base. By Oct 18, they had deposited $9.57M of the
