Binance's bStocks surpasses xStocks as second-largest tokenized stocks issuer with $610.6M in volume.
RWA & Tokenization ·
Binance's bStocks offering has moved into second place among tokenized stock issuers, with cumulative volume reaching $610.6 million. The shift reflects growing adoption of blockchain-based equity tokens, a market segment that remains relatively young but has attracted major exchange participation. Ondo currently leads the category with approximately $927 million in volume, according to Token Terminal data.
The ranking reflects competition among platforms offering fractional or fully tokenized equity exposure on-chain. bStocks' rise past xStocks signals momentum for Binance's entry into the space, though the overall market remains concentrated among a small number of issuers. Whether this growth continues or consolidates around leading players, and how regulatory clarity will shape the sector's trajectory, remain open questions.