According to Token Terminal, the market capitalization of stock tokens has surpassed $1.7 billion. Ondo Finance was the largest issuer with 61.2%, followed by xStocks with 28%. The blockchains on which tokens were launched were Ethereum with 41.3%, Solana with 28.6%, and BNB Chain with 27.9%. The underlying stocks were ETFs at 25.7%, Circle (CRCL) at 13.5%, Strategy Preferred Stock STRC at 8.3%, and SpaceX at 5.6%.
