Token Terminal has added 145 new real-world asset deployments to its Tokenized Assets dashboard through listings from three issuers: Backpack, Anchored Finance, and xStocks. The update spans multiple blockchains and represents an expansion of the analytics platform's coverage of tokenized assets.
The platform now tracks over 4,600 assets across more than 310 issuers and 45 blockchains, with a total tracked market cap of approximately $345 billion. Since launching with roughly 300 assets in November 2025, Token Terminal's asset inventory has grown substantially.
The Three Issuers
xStocks offers more than 700 tokenized US equities and ETFs, providing fractional representations of traditional stocks on-chain.
Backpack focuses its tokenized securities on Solana, with a model that allows tokens to be redeemed 1:1 for underlying shares through regulated brokers.
Anchored Finance provides ERC-20 tokenized stocks such as aAAPL and aTSLA, each backed 1:1 by the underlying asset. The protocol operates across multiple EVM-compatible chains.
Market Composition
Stablecoins account for roughly 94% of the tracked $345 billion market cap, meaning all other tokenized assets—stocks, funds, bonds, and other instruments—represent approximately $20.7 billion collectively.
Multi-Chain Analytics
Token Terminal provides standardized metrics across issuers, including market cap, holder counts, and transaction volumes. The platform's coverage of 45 blockchains enables tracking of deployments across most major blockchains relevant to tokenized assets, capturing liquidity fragmentation across multiple chains that single-chain analytics tools cannot address.
