Circle’s tokenized CRCL stock leads market with $385.7M cap after 2,961% growth

Blockchain versions of Circle's NYSE shares remain the largest tokenized stock, even though Circle itself issues none of them Circle built its business on putting dollars onto blockchains. Now its own stock is getting the same treatment, and it didn’t have to lift a finger. Tokenized versions of Circle Internet Group’s shares (NYSE: CRCL) remain the largest tokenized stock on the market, with a combined market capitalization of $385.7 million . Token Terminal data released on October 25, 2026 puts the year-over-year growth at 2,961% . Tokenized stocks work a bit like a coat check ticket. Someone hands a real share to a custodian, and a token representing that share gets issued on a blockchain. The token can then be traded, lent, or plugged into DeFi apps.

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