Tokenized Circle exposure climbs to as much as $345M
- —Tokenized CRCL exposure estimated at $314M–$345M
- —That equals roughly 1.7% of Circle's $20B–$21B market cap
- —Binance's CRCLb is the largest variant at $110M–$119M
- —Ondo's CRCLon holds ~$98M; Backed's CRCLx trades across DeFi
Why it matters: Circle is now among the most heavily tokenized public companies, deepening the link between traditional equities and DeFi infrastructure.
Source: Crypto Briefing