Key facts
- Binance bStocks has become the second-largest tokenized stock issuer by value.
- bStocks surpassed Kraken's xStocks in market value less than two months after its launch.
- As of Tuesday, bStocks held $610.6 million in value, with xStocks at $601.2 million.
- Ondo Finance is the largest issuer with approximately $927 million.
- The total value of tokenized stocks has grown from $80 million to $2.7 billion in one year.
Binance bStocks has surpassed Kraken's xStocks to become the second-largest tokenized stock issuer by market value, less than two months after its launch on June 11. As of Tuesday, bStocks held a value of $610.6 million, narrowly ahead of xStocks at $601.2 million. Ondo Finance remains the leading issuer with approximately $927 million. This shift highlights the rapid growth and evolving landscape of the tokenized stock market, which has surged from around $80 million a year ago to approximately $2.7 billion. Binance launched bStocks to provide investors with exposure to U.S. stocks via blockchain-based tokens, a move attributed by Binance's co-founder Changpeng Zhao to the exchange's large user base.