The tokenized stock and ETF market reached $3.7 billion as of November 8, while the number of products valued at more than $1 million rose from 3 in January 2025 to 287.
According to The Block’s analysis, the market has around 4,400 tokenized assets, and the number of stock and ETF products surpassing the $1 million threshold has increased significantly. HTX also opened 20 products to spot trading on Monday, including shares of Nvidia, Tesla, and Circle, as well as the QQQ fund, which tracks the Nasdaq 100.
Growth approaches stablecoins’ early trajectory
The tokenized stock market reached $3.7 billion 240 days after surpassing the $1 billion mark. According to The Block’s comparison, 240 days after crossing the same threshold, stablecoins had reached around $4 billion, while tokenized U.S. Treasury products had reached $2.5 billion.
Different networks emerge for stock trading
Initiatives for trading stock tokens in the U.S. are opting for different networks. Avalanche was selected as the settlement network for the New York Stock Exchange’s planned platform, while Five North used Canton Network to sell tokenized CNTN shares. Formation is targeting early 2027 for a platform it plans to build on Solana.
Not investment advice.