Ondo’s tokenized stock lead shrinks as Binance, Robinhood gain ground: DWF Labs

The sector grew 483% to $3.8 billion between January and early October, with Binance's bStocks and xStocks each capturing roughly a quarter of the market. Ondo Finance’s dominance of the tokenized equities market has narrowed, with its share sliding from 56% to 26% between early January and the week of Oct. 5 as new entrants such as Binance and Robinhood attracted users and capital, according to new research from DWF Labs. An early mover in institutional real-world asset tokenization, Ondo still led the market with about $1 billion in value during the period, while the sector’s total market value climbed 483% to $3.8 billion. Binance’s bStocks, which recently hit $1 billion in assets under management, grew to $905 million and captured 24% of the tokenized stock market, the report reveals.

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