Alphabet’s GOOGL-linked stock tokens gain $33M in market cap

Tokenized stocks are no longer a niche experiment. Stock tokens linked to Alphabet’s GOOGL shares added $33.4 million in aggregate market capitalization over the past week, a figure that reflects genuine capital inflows rather than just price appreciation on a thin float. What these tokens actually are Think of GOOGL-linked tokens as a receipt issued on a blockchain, backed 1:1 by actual Alphabet shares held in custody. The token tracks the share price in real time, can be traded around the clock, and slots into decentralized finance protocols the way a regular ERC-20 token would. What you give up: voting rights and formal beneficial ownership of Alphabet stock. What you get: 24/7 market access and the ability to use the token as collateral or in other DeFi applications. Several platforms are now competing in this space. Backed.fi’s GOOGLX, issued on Solana, has a market cap approaching $36 million. GOOGLon, the Ondo Finance version, sits at around $21 million. Robinhood Chain, which launched its mainnet on July 1, 2026, has introduced its own ERC-20 GOOGL token, adding a third credible issuer to the mix. Why Robinhood Chain’s launch matters here The July 1 mainnet launch of Robinh...