Binance's tokenized stocks cross $1 billion in assets
Key points
- 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.
Read the full story: Binance bStocks top $1 billion in assets four months after launch →
Source: www.binance.com