Binance has reported that its bStocks product crossed $1 billion in belongings sooner than any competing tokenised fairness providing.
Underpinned by $6 billion in two-way conversions with underlying shares, the product displays rising urge for food to deploy standard fairness holdings throughout blockchain ecosystem.
For the reason that June 11 launch, bStocks have generated greater than $40 billion in cumulative buying and selling quantity, in line with Binance’s announcement. The vary has grown from 5 securities to virtually 100 shares and ETFs.
bStocks AUM: $1,000,000,000+ ✔️
With 1:1 convertibility and nil conversion charges, customers have transformed over $6B between bStocks and underlying shares.
The momentum goes past holding. Customers are changing, buying and selling, and constructing with tokenized shares. https://t.co/Nmzou8tKzq
— Binance (@binance) October 15, 2026
How Shares Transfer On-Chain
Binance started providing eligible shoppers direct entry to greater than 7,000 US shares and ETFs in early June. The service is supplied by ADGM-regulated broker-dealer Nest Buying and selling Restricted, with shoppers holding a helpful curiosity within the shares they purchase.
bStocks add a second format for chosen securities. A consumer can convert a traditional inventory place right into a corresponding token at a 1:1 ratio and not using a conversion price, then convert it again right into a direct inventory place.
Every bStock is issued by Binance affiliate BTech Holdings and backed by the related safety held with a custodian. Below the product’s phrases, the token is a certificates representing an curiosity in that safety, not direct possession of the share.
What Shoppers Do with the Token
As soon as transformed, bStocks can commerce across the clock and be withdrawn to a appropriate BNB Sensible Chain pockets. Shoppers can transfer equity-linked publicity into self-custody or use supported tokens in decentralised finance with out first promoting the place for money or cryptocurrency.
The platform added one other use in September, when it prolonged collateral help for chosen bStocks to eligible customers of its Cross Margin and Portfolio Margin accounts. Shoppers can preserve equity-linked publicity whereas utilizing these tokens to help different buying and selling positions, slightly than promoting them to liberate collateral.
Binance’s utilization figures point out that buying and selling outdoors standard market hours is a part of the enchantment. Solely 38% of bStocks quantity in July occurred throughout common US fairness buying and selling hours.
Binance Analysis discovered that 41.5% of early bStocks customers had not traded its associated direct-equity or perpetual merchandise. Nonetheless, the determine describes their exercise on Binance and doesn’t set up whether or not they had invested in shares elsewhere.
How the Milestone Compares
Binance calls bStocks the quickest tokenised fairness product to achieve $1 billion in belongings, citing Dune knowledge as of October 15. The declare issues the time taken to achieve that threshold, not management by belongings held as we speak.
On October 14, Ondo Finance stated its tokenised shares and ETFs accounted for greater than $1.3 billion in complete worth locked. Ondo studies that measure as TVL, whereas Binance calls its determine AUM, so the quantities usually are not a exact like-for-like rating.
A brand new milestone for Ondo: $4 billion in TVL.
From tokenized Treasuries to tokenized shares, ETFs, portfolios & non-public markets, Ondo is increasing entry with each asset class.
Behind the $4 billion TVL milestone:
→ $1.3B+ in tokenized shares & ETFs
→ #1 platform for tokenized U.S. Treasuries
→ 1M+ cumulative holders throughout merchandiseThat development displays improvements in how tokenized belongings commerce, together with Ondo Shares tapping TradFi change liquidity via RFQ.
Main wallets and apps put that liquidity inside attain, enabling permissionless transfers throughout Solana, Ethereum and BNB Chain.
This milestone is an early signal of the size forward as tokenization transforms how the world accesses monetary markets.
Suppose in trillions.
— Ondo Finance (@Ondo) October 14, 2026
Ondo’s broader $4 billion TVL contains different merchandise and shouldn’t be in contrast with bStocks alone. Fast development additionally doesn’t make token buying and selling equal to buying and selling the underlying shares.
The IMF’s October report discovered that tokenised fairness markets provide entry outdoors standard hours however stay much less liquid and extra risky than conventional counterparts. That distinction issues most when shoppers commerce bStocks whereas the shares backing them usually are not buying and selling on the US market.
This text was written by Tanya Chepkova at www.financemagnates.com.
