Data cited by Techub from analytics platform Token Terminal shows the tokenized fund market expanded by $121.2 million over the past 24 hours, with Stellar taking in $111.5 million, or 92% of total inflows. Base ranked second with $5.2 million, equal to 4%, while Robinhood Chain recorded $2 million, or 2%. The remaining seven specialized networks together brought in just $2.5 million.
The inflow came as Stellar added several ecosystem integrations in late October. At the Meridian conference in Lisbon, tokenization platform Securitize said it had completed a technical integration with Stellar, making network access easier for institutional clients including BlackRock and Hamilton Lane. Asset manager Janus Henderson also partnered with Centrifuge to launch the JQQQ fund on Stellar, a product linked to the Nasdaq 100 Index.
Token Terminal data also showed assets under management on Stellar rose 360% year over year to $4 billion. According to the analysis cited in the report, major participants including Franklin Templeton’s BENJI and Spiko’s SAFO fund are using Stellar infrastructure for targeted settlement in debt markets.
Data from Token Terminal, cited by Techub, shows the tokenized fund market grew by $121.2 million over the past 24 hours. Stellar accounted for $111.5 million of that total, equal to 92% of all inflows during the period.
Among other networks, Base ranked second with $5.2 million, or 4%. Robinhood Chain drew $2 million, or 2%, while the other seven specialized networks combined brought in only $2.5 million.
Late-October integrations added to Stellar’s momentum
During the same period, Stellar’s ecosystem saw a series of integrations in late October. At the Meridian conference in Lisbon, tokenization platform Securitize announced that it had completed a technical integration with Stellar, simplifying access to the network for institutional clients including BlackRock and Hamilton Lane.
Separately, asset manager Janus Henderson partnered with Centrifuge to launch the JQQQ fund on Stellar, a product linked to the Nasdaq 100 Index.
AUM on Stellar reached $4 billion
Assets under management on the Stellar network rose 360% year over year to $4 billion, according to the data cited in the report.
The analysis said major participants, including Franklin Templeton’s BENJI and Spiko’s SAFO fund, are using Stellar’s infrastructure for targeted settlement in debt markets, helping the network remain ahead during a period of capital consolidation.
The item was published by Techub and attributed to U.Today.
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