Binance’s bStocks Lead Tokenized Stocks After Crossing $1 Billion
By Unchained
AI summary of the source article
Binance announced that its tokenized U.S. equities product, bStocks, has exceeded $1 billion in assets under management. Data from rwa.xyz ranks bStocks first among tokenized stock platforms, holding $1.2 billion in value.
Key facts
- Binance's bStocks reached over $1 billion in assets under management after launching on June 11.
- Data from rwa.xyz ranked bStocks first among tokenized stock platforms at $1.2 billion in a roughly $3.5 billion market.
- Tokens are issued by Binance subsidiary BTech Holdings under an Abu Dhabi Global Market prospectus and are backed 1:1 by underlying securities.
Source excerpt · Unchained
The exchange calls its tokenized U.S. equities the fastest to that mark, while rwa.xyz data ranks bStocks first among tokenized stock platforms. The post Binance’s bStocks Lead Tokenized Stocks After Crossing $1 Billion appeared first on Unchained .