Stablecoins, tokenized funds, tokenized commodities, and tokenized stocks are all at record market capitalizations. This signals that blockchain is no longer a niche experiment but a growing part of traditional finance.
Why These All-Time Highs Matter
Stablecoins sit at the center of this shift, with a market cap of about 307.7 billion dollars. This is an all-time high that crowns them the dominant use case for blockchain today. A stablecoin is a crypto asset designed to track the price of something familiar, usually the United States dollar, so traders and savers can move money on-chain without wild price swings. This record value reflects how investors now treat stablecoins as core liquidity for trading, lending, and cross-border payments, not just a side tool for speculation.
All-time highs:
✅ Stablecoins
✅ Tokenized funds
✅ Tokenized commodities
✅ Tokenized stocks pic.twitter.com/HRR7AsAfQq— Token Terminal 📊 (@tokenterminal) January 19, 2026
Beyond stablecoins, tokenized funds have grown to roughly 14.2 billion dollars in value, also at an all-time high. These are blockchain-based versions of investment funds, such as bond or money market portfolios, where shares are issued as tokens that can move 24/7 and settle in minutes instead of days. For yield-seeking investors, this creates a bridge between familiar fund products and the speed and transparency of public blockchains.
Commodities and Stocks on Chain
Tokenized commodities have reached about 4.3 billion dollars in market cap, with gold-backed tokens leading the charge to new highs. In simple terms, each token represents a claim on a real-world asset such as a bar of gold stored in a vault, combining the trust of a traditional custodian with the flexibility of crypto rails. For investors in emerging markets, this can turn historically hard-to-access assets into something as easy to hold as any other digital coin.
Tokenized stocks by issuer
Top issuers: @OndoFinance, @BackedFi (@xStocksFi), @RobinhoodApp, and @DinariGlobal. pic.twitter.com/h16jotsmIG
— Token Terminal 📊 (@tokenterminal) January 19, 2026
Tokenized stocks, while smaller at around 456.5 million dollars, are also at record levels and growing fast from a low base. These tokens mirror shares of public companies or exchange-traded funds and can enable fractional ownership, so a user can buy a slice of a stock instead of a full share. A recent trend is the tokenization of popular exchange-traded funds on platforms that let users trade around the clock, sidestepping some limits of traditional brokerage accounts.

