Sky, a decentralized finance (DeFi) platform, held the largest share of the tokenized funds market at $4.6 billion on Aug. 21, 2026, according to Token Terminal data recorded at 18:15 UTC. The market reached $34.4 billion, representing 7,472.8% growth over the tracked period. Securitize, Circle, Franklin Templeton and Ondo Finance followed with $2.9 billion, $2.5 billion, $2.5 billion and $2.3 billion, respectively. The broader stablecoin market stood at $296.3 billion, led by Tether at $183.0 billion and Circle at $72.9 billion, while Sky ranked third among listed issuers with $9.5 billion. Tokenized commodities totaled $7.6 billion and tokenized stocks $2.8 billion. Sky’s total tokenized assets reached $14.1 billion, comprising $9.5 billion in stablecoins and $4.6 billion in tokenized funds. Its token price was $0.0664, with fully diluted and circulating market capitalizations of $1.5 billion, while trading volume, revenue and token-holder figures showed mixed performance over the prior 30 days.