Tokenized ETF market cap surges 826% to $611M in one year

A year ago, tokenized ETFs were a niche experiment that most portfolio managers could safely ignore. Today, the market cap has hit $611.5 million, up 826.1% year-over-year, and the product category has expanded to somewhere between 640 and 683 distinct offerings. The data, tracked by Token Terminal as of August 16, 2026, puts the growth rate in perspective. Getting from near-zero to over half a billion dollars in market cap in twelve months is the kind of trajectory that tends to attract institutional attention before retail attention. Where the growth is actually coming from Ethereum holds the largest share of issuance. BNB Chain added $80.9 million in a single month, the strongest recent monthly gain among the three leading chains. Solana rounds out the top three. On the issuer side, Ondo Finance has contributed $167.4 million year-to-date, the highest of any single platform in this market. Binance’s bStocks and xStocks products follow. The largest single ETF product accounts for no more than 12% of total market cap, suggesting the growth is relatively distributed rather than concentrated in one dominant offering. Earlier benchmarks help chart the trajectory. The market sat at ap...