Tokenized Market Analytics
The tokenized stocks and ETF market at a glance. Track how much of the real-world equity and ETF market now exists on-chain, which issuers and chains account for the most value, and where the biggest tokenization gaps exist.
Issuer market share
HHI 2,667highly concentratedTokenized value grouped by issuer · listed neutrally
Chain market share
HHI 2,469concentratedΣ deployment supply × last close, by chain
Tokenized market cap per product
How big is each deploymentIssuer × chain deployment matrix
who deploys where · active deploymentsBy domicile
country of the underlying
Stocks by sector
1359 stocks · 74% of tokenized value
By asset class
By income policy
how dividends are handled
The average asset is tokenized by 2.2 products, each deployed across 4.3 chains - both patterns fragment liquidity.
How many issuers tokenize each asset?
All tokenized assets, grouped by how many issuers offer them
Most fragmented assets
issuers · chainsThe same underlying, tokenized many different ways
Co-tokenization heatmap
issuer × asset · where they competeCell shade = that issuer's tokenized value for the underlying. Denser columns are the most contested. The 16 assets with the highest tokenized market cap.
Market-wide penetration
Most-tokenized assets
tokenization ratioHighest tokenized share of underlying market cap
Tokenization gap
underpenetratedLarge market cap, barely tokenized
Penetration map
market cap × tokenized shareUnderlying market cap vs. how much of it is tokenized, sized by tokenized value. Top-left is deeply tokenized; bottom-right is barely tokenized.
Product launches over time
cumulative3,628 tokenized products launched to date