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BNB Chain Crosses $1 Billion in Tokenized Stocks and ETFs

Tokenized stocks and ETFs on BNB Chain reached $1.1 billion as the broader market climbed to $3.7 billion, representing approximately 30% of the sector.

BNB Chain Crosses $1 Billion in Tokenized Stocks and ETFs
Image: BullishMarketCap

Tokenized stocks and ETFs on BNB Chain have reached $1.1 billion, making it the first blockchain to cross the $1 billion threshold in this sector, according to Token Terminal and Binance Research data published by Cointelegraph.

Market Growth and Network Share

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The broader market capitalization for tokenized stocks and exchange-traded funds rose approximately 17% to $3.35 billion in September, up from $2.87 billion in August. At the time of publication, the sector's market cap on BNB Chain stood at $1.1 billion, accounting for roughly 30% of the $3.7 billion total market. Ethereum followed with $828 million, or 22%, and Solana recorded $738 million, or 20%.

Leading Adoption and Products

BNB Chain also led the sector in user reach, registering 1.8 million addresses holding tokenized stocks, which accounts for 45% of the total, according to Binance Research. The network hosts products including Binance bStocks and Ondo Global Markets tokenized securities.

Data from Token Terminal indicates that tokenized stocks and ETFs have grown more than fivefold from $719 million in January. At that time, Ethereum accounted for about 48% of the market, Solana held 31%, and BNB Chain represented 13%.

Key facts

  • BNB Chain reached $1.1 billion in tokenized stocks and ETFs, securing roughly 30% of the $3.7 billion broader market.
  • The network is the first blockchain to cross $1 billion in tokenized stocks and ETFs.
  • BNB Chain recorded 1.8 million addresses holding tokenized stocks, representing 45% of the total.
  • Products hosted on the network include Binance bStocks and Ondo Global Markets tokenized securities.
$BNBCrypto ETFs#BNBChain#Tokenization#RWA

Source: cointelegraph.com

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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