Tokenized exposure to Circle Internet Group (NYSE: CRCL) reached an estimated $314 million to $345 million by mid-October 2026. This represents approximately 1.7% of the company’s equity market capitalization, which is valued between $20 billion and $21 billion.
The tokens are issued by third-party platforms rather than Circle itself. Data platform RWA.xyz tracks over 10 distinct variants of tokenized Circle stock. Major issuers include Binance with its CRCLb product, accounting for $110–119 million, Ondo Finance with CRCLon at $98 million, and Backed Finance with CRCLx.
These tokens track the share price of CRCL, which has traded between $80 and $82. The assets allow non-US investors and DeFi protocols to gain economic exposure to the stock without traditional shareholder registration. Over a recent 30-day period, the valuation of tokenized CRCL rose by 7.5%.
The broader market for tokenized equities has reached an estimated $3.1 billion to $4.87 billion in assets under management, with onchain trading volumes exceeding $15 billion. While Circle launched its own Arc network for asset tokenization on September 16, 2026, the current exposure remains driven by third-party wrappers.
