BNB Chain Claims 42.6% of Tokenized Stock Market

BNB Chain has captured a 42.59% share of the tokenized stock market with $1.47 billion in assets on its network, according to data shared by MSB Intel in an October 19 post on X. The network's market share climbed from 35.55% over a 30-day period, marking a gain of 7.04 percentage points.

According to CryptoNews, BNB Chain's holdings exceed the combined $1.22 billion held by Ethereum and Solana. Ethereum accounted for $730.43 million in tokenized equities, while Solana held $489.72 million. The reported figures indicate a total tokenized stock market value of approximately $3.45 billion.

Expansion of bStocks

Binance’s bStocks platform has driven significant volume on the network, surpassing $1 billion in assets under management four months after its June 11 launch. In an October 15 announcement, Binance reported more than $40 billion in cumulative trading volume, nearly 100 listed tokenized securities, and $6 billion in conversions between tokenized assets and their underlying securities based on Dune Research data.

The platform offers tokenized representations of U.S. securities backed on a one-to-one basis. Eligible customers can convert supported stock positions into tokens, trade them around the clock, and transfer them to compatible blockchain wallets.

Market Context

Separate market trackers report different totals for tokenized equities, leaving BNB Chain’s exact market share independently unconfirmed against equivalent datasets from RWA.xyz. Industry reports from DWF Labs and Castle Labs have placed the overall tokenized equity market between approximately $2.47 billion and $3.8 billion, depending on assets and platforms included.

Key facts

• BNB Chain claims a 42.59% share of the tokenized stock market with $1.47 billion in assets.
• Binance's bStocks platform surpassed $1 billion in assets under management four months after launching on June 11.
• Ethereum and Solana hold a combined $1.22 billion in tokenized stocks.
• Binance reported over $40 billion in cumulative trading volume and nearly 100 listed tokenized securities.