Tokenized Exposure to Circle Internet Group Reaches $345 Million

Tokenized exposure to Circle Internet Group, a company listed on the New York Stock Exchange under the ticker CRCL, has surged to an estimated $314 million to $345 million as of early to mid-October 2026. This figure represents approximately 1.7% of the company's equity market capitalization, which is valued between $20 billion and $21 billion. The growing interest in tokenized equities has positioned Circle among the most heavily tokenized public companies globally.

The tokens are issued by various third-party platforms, with notable contributions from Ondo Finance, Binance, and Backed Finance. Ondo's CRCLon token accounts for around $98 million in exposure, while Binance's bStocks product, CRCLb, holds approximately $110 million to $119 million, making it the largest single source of tokenized Circle exposure. Backed Finance's xStocks platform also offers a token, CRCLx, which has gained traction in decentralized finance (DeFi) markets.

These tokenized products allow investors to gain economic exposure to Circle's stock without being traditional shareholders. They facilitate continuous trading and automatic handling of corporate actions like dividends. The broader tokenized equities market has reached an estimated $3.1 billion to $4.87 billion in assets under management, with onchain trading volumes exceeding $15 billion, highlighting the significant role of tokenized assets in modern finance.

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Source: KLEA News