The market for stock and ETF tokens has reached $3.7 billion: How widespread is the growth?

The tokenized equities and ETF market reached $3.7 billion as of November 8, with the number of products exceeding $1 million in value rising to 287 from just 3 in January 2025, according to The Block. Roughly 4,400 such products now exist, signaling that growth is broadening beyond a handful of large offerings. The surge matters because it shows real-world asset tokenization is scaling across equity and ETF wrappers rather than staying a niche experiment. Watch next for whether product count keeps expanding alongside total value, and for concentration among the largest tokens as more issuers enter.