Binance's bStocks Captures 31% of Record $4.8 Billion Tokenized Stock Market

Binance's bStocks has become the largest tokenized stock product, reaching $1.5 billion in assets under management and capturing more than 31% of the market, according to Token Terminal data.
The broader tokenized equity market hit a record $4.8 billion in assets on November 10. Since launching on June 11, bStocks has accumulated more than $45 billion in trading volume.
Key figures:
- $1.5 billion in bStocks assets.
- 31%+ share of the tokenized stock market.
- $45 billion+ in cumulative trading volume.
- 56% of trading volume occurred outside regular U.S. market hours.
- 70% of volume came from emerging and frontier markets.
- Gen Z investors account for 46% of users.
Binance says tokenized equities have become one of the fastest-growing real-world asset categories in 2026. However, bStocks are not available to U.S. persons, and token holders do not directly own the underlying shares.