US firms and ETFs make up 91.8% of the tokenized stock market

Token Terminal data shows American equities dominate a $4.64 billion onchain market that is mostly issued offshore The tokenized stock market has a clear favorite: America. US firms and ETFs account for 91.8% of the $4.64 billion tokenized stock market, according to data from Token Terminal. The concentration tells you what buyers in this market are looking for. It also says a lot about who is building it, and from where. Tokenized stocks are onchain tokens that track the price of a traditional equity or ETF.