Token Terminal Expands Tokenized Asset Coverage to 45 Blockchains

Token Terminal has made significant strides in covering tokenized assets on various blockchains. The platform now tracks over 4,600 assets across more than 310 issuers and 45 different blockchains, with a total market capitalization of approximately $345 billion.

The addition of five Solana-based tokenized stocks brings the combined market cap to around $1.7 million. These stocks are part of a larger expansion that brought three new issuers onto Token Terminal's radar: Backpack, Anchored Finance, and xStocks.

Backpack stands out for its 1:1 redemption model, allowing holders to redeem tokens for the underlying shares through authorized brokers. This reduces counterparty risk and gives holders a path to settle back into traditional finance rails.