Non-U.S. Issuers Made Up 90.4% of Tokenized Stock Market Value

Non-U.S. entities represented 90.4% of tokenized-stock market capitalization, while about 95% of that value tracked U.S.-listed stocks and ETFs, separating issuer location from asset exposure. The market was valued at more than $3.7 billion. Jersey accounted for 28.9% of value by issuer domicile, followed by Abu Dhabi at 27.4% and the British Virgin Islands at 26.3%. U.S. entities made up 9.6%. Those percentages measure market value by issuer domicile, not the share of products or companies based in each jurisdiction.