The Ledger Brief.
Every Monday: the week’s flashes that mattered, the events ahead and who will be in the room.
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13:30Binance's tokenized stocks cross $1 billion in assets
- Binance's bStocks, tokenized U.S. securities backed 1:1 by the underlying stocks, have traded more than $40 billion since launching June 11, and assets under management have passed $1 billion, the company said Oct. 15.
- Tokenized stocks held $3.27 billion on Oct. 15, with bStocks at about $1.0 billion, ahead of Ondo's $873.5 million, according to RWA.xyz.
- Binance does not serve U.S. persons; bStocks are offered under an Abu Dhabi prospectus.
By Mary Lane
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