Citing Token Terminal data from November 10, 2026, the tokenized equities market has reached a record $4.8 billion in assets under management. The category has expanded by more than 640% since the beginning of the year, and Binance’s bStocks accounts for over 31% of its assets.
Key takeaways
- Transfers of tokenized stocks exceeded $100 billion in the third quarter of 2026.
- Binance’s bStocks leads the category with $1.5 billion in assets under management.
- Roughly 56% of bStocks trading takes place outside regular US market hours.
Tokenized equities growth tops 640%
Assets in tokenized equities rose from $645 million at the start of 2026 to $4.8 billion. According to Token Terminal, it is the fastest-growing real-world asset category this year.
Transfer activity has also grown rapidly. Binance Research puts on-chain transfers of tokenized stocks in the third quarter at more than $100 billion, up from $6 billion in the first quarter, an increase of more than 16 times.
Binance’s bStocks claims the largest share
Binance said bStocks is the largest product in the category, with $1.5 billion in AUM and more than 31% of the market.
The product passed $1 billion on October 15, 2026, roughly four months after its launch on June 11, 2026. Binance described it as the fastest tokenized equity product to reach that level.
Cumulative trading volume has surpassed $45 billion. Binance also reported $7.5 billion in conversions between direct stock holdings and bStocks at equal value.
Each token provides 1:1 redemption into the underlying security, not just a cash payout tied to its value.
Trading outside US hours and borrowing against holdings
Since launch, about 56% of bStocks trading volume of activity has occurred outside regular US market hours, according to Binance. Holders have also put the tokens to work in decentralized finance, or DeFi.
In early October, DeFi utilization, measured by total value locked deployment, reached 11.2%, roughly 3.8 percentage points above the rate for comparable tokenized equities.
Binance’s borrowing measure for deposited bStocks collateral climbed from 5.5% at the end of June to 46.2% by September 10, 2026, an 8.4-fold increase.
Binance ties demand to access and product design
Binance sees the record size of the tokenized equities market and bStocks’ leading share as signs of demand for simpler access to stocks. Shunyet Jan, Binance’s Head of Exchange and Trading, said:
“Tokenized equities reaching an all-time high is a market-level signal, and bStocks becoming the largest product in the category shows where that demand is concentrating.”
Jan said Binance built bStocks to give users 1:1 access to stocks and ETFs without opening a separate brokerage account. He added that Binance is continuing to expand its listings and traditional finance offerings.
Read also: bStocks’ tokenized stock growth reaches $1B in AUM in just 125 days
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
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