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Binance Tokenized Stocks Cross $1 Billion in Assets Under Management

Image: Bitcoin.com News

Binance’s tokenized U.S. securities offering surpassed $1 billion in assets under management (AUM) in roughly four months, making it the first tokenized equity product to hit that milestone. Binance announced Oct. 15 that its tokenized U.S. securities offering has surpassed $1 billion in assets under management. According to onchain data from Dune Research, the product, Bstocks, achieved the milestone roughly four months after launching on June 11, making it the fastest tokenized equity product in history to reach $1 billion. Since launching with just five assets in June , the platform has expanded its catalogue to nearly 100 Bstocks tokens. Cumulative trading volume across the period has surpassed $40 billion, averaging over $300 million per day.

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