Tokenized stocks and ETFs above $1 million climb to 348, up from 3 in January 2025

The count of on-chain equity products with meaningful size has exploded, though the sector remains a rounding error next to traditional markets In January 2025, you could count the tokenized stocks and ETFs worth more than $1 million on one hand. Actually, you would only need three fingers. That number has since climbed to 348. It is the kind of growth curve that usually shows up in a startup pitch deck, except this one is tracking real assets sitting on blockchains. The figure matters because the $1 million mark filters out the noise. Anyone can mint a token. Getting one to hold seven figures of value means someone actually wants it. From a handful to hundreds The jump from 3 to 348 is the headline stat. The broader market data around it tells a similar story. Total market capitalization for tokenized stocks and ETFs reached approximately $4.67 billion as of November 3, 2026. That value is spread across 3,867 tokenized assets and 6,899 products. Those products come from 12 different issuers working across 18 blockchain networks. The growth in dollar terms has been steep. The market sat at roughly $32 million in January 2025, crossed $1 billion by late 2025, and reached somewhere i...