As of October 15, 2026, the asset management scale of the tokenized stocks bStocks has exceeded $1 billion, about four months since their launch on June 11. Meanwhile, the exchange volume between the tokens and the corresponding underlying stocks has surpassed $6 billion, with the majority of transactions occurring outside of regular U.S. trading hours.
Key Points
- bStocks The number of codes that have been overridden has approached 100, whereas there were only 5 at the time of launch.
- 24/7 trading has led to a large amount of activity occurring outside of the regular trading hours in the United States.
- The scale of on-chain lending and transfers has grown alongside the scale of asset management.
In a blog post, Binance stated that as of October, bStocks accounted for approximately one-quarter of the total market value of the tokenized stock sector. Another company press release, citing data from Dune Research as of October 15th, claimed that bStocks is the tokenized stock product that has reached a $1 billion asset management scale the fastest.
bStocks Tokenized stocks have expanded from 5 codes to nearly 100.
bStocks The product line has grown from 5 codes in June to nearly 100 codes four months later, covering areas including AI infrastructure, semiconductors, and industry exchange-traded funds.
According to the press release, these tokens provide a 1:1 ratio to selected U.S. listed stocks and ETF. Each token is fully backed by its corresponding underlying security. They are settled on-chain and can be transferred between exchange accounts and self-hosted wallets.
According to the press release, since June 11, the cumulative trading volume has exceeded $40 billion, with an average daily trading volume of over $300 million during this period. These trading figures are reported separately from the asset management scale and the scale converted into direct stock holdings.
No conversion fee, overnight trading, and collateral usage options
Holders can exchange bStocks for the corresponding stock holdings at a 1:1 par value, without any conversion fees. Upon redemption, the underlying securities themselves are delivered, not just their cash value. Both forms are held within the same exchange account.
As of October, users have completed conversions totaling over $6 billion between these two forms. According to the press release, these conversions do not require brokerage account transfers nor do they necessitate waiting for regular market trading hours.
The product supports trading 24 hours a day, 7 days a week, including weekends. Binance Research found that in August, only 42% of the trading volume occurred during the regular trading hours in the United States, whereas for traditional U.S. stocks, this proportion was 89.2%. The remaining 58% was distributed across pre-market, post-market, overnight, and weekend trading. Another set of data from July showed that the proportion during regular trading hours was 38%.
Apart from transactions, Binance Research indicates that the utilization rate of bStocks tokenized stocks in decentralized finance reached 11.2% at the beginning of October, measured by the total locked-up value deployed. The study states that this ratio is about 3.8 percentage points higher than that of comparable tokenized stocks.
In September, the exchange will expand collateral support to all eligible users. The supported tokens can be used as margin and futures collateral, including borrowing quoted assets to obtain a leverage exposure of up to 5 times, or the same token can be used both as collateral and as a futures hedging tool.
Under the ADGM issuance framework, the scale of transfers has increased.
According to Binance Research, in the third quarter of 2026, the scale of tokenized stock transfers on-chain (including trading volume) exceeded $100 billion. This figure is more than 16 times that of $6 billion in the first quarter.
Research indicates that bStocks drove most of this growth, accounting for over 90% of the weekly transaction volume at a peak in early August. The study also points out that tokenized stocks were the fastest-growing category of real-world assets in 2026, with a market value increase of 390.4% from the beginning of the year to date, and surpassed $3 billion in late September.
These securities are offered through the prospectus approved by ADGM and are intended solely for qualified users within the authorized jurisdiction in the secondary market. They are not publicly offered outside of ADGM, and this product is not provided to individuals or entities within the United States.
This article was completed with the assistance of artificial intelligence and has been reviewed by a team of editors.
