On-chain holdings tied to tokenized Circle shares had a reported value of $388 million on Nov. 5, equal to about 2% of the company’s market capitalization and providing a company-level measure of tokenized-stock activity.
The channel for Circle shares has operated since June 2025. Circle also provides digital-currency services and supports stablecoin transactions.
Token Terminal valued the broader tokenized-stock market at $4.4 billion on Oct. 21, saying it had grown 886% from a year earlier, as detailed in an earlier report on Token Terminal’s market estimate.
That market total included tokenized shares tied to Circle, SpaceX and Strategy, along with ETF-linked tokens and Strategy’s preferred security. It covered a wider mix of assets than the Circle-specific holdings figure.