Binance's bStocks Reach $1 Billion in Assets Under Management

Binance announced on October 15, 2026, that its tokenized 1:1 U.S. securities, known as bStocks, have become the fastest tokenized equity product to exceed $1 billion in assets under management (AUM). This significant milestone was achieved roughly four months after the product's launch on June 11, 2026, according to on-chain data from Dune Research.

bStocks represent tokenized versions of U.S.-listed stocks and ETFs, with each token fully backed 1:1 by the underlying security. The tokens enable 24/7 trading, on-chain settlement, and transfers between the exchange and wallets, all within a single Binance account. Each token is redeemable for the actual underlying security, not merely its cash equivalent.

Since its launch, the bStocks product has accumulated over $1 billion in AUM, generated a cumulative trading volume exceeding $40 billion, and listed nearly 100 different underlying assets. Furthermore, $6 billion has been converted between direct stock holdings and bStocks. The product's utility has also expanded into decentralized finance (DeFi), where its share of total value locked (TVL) has grown to over 11%.

According to Binance, tokenized equities have emerged as the fastest-growing real-world asset (RWA) category in 2026, with its market capitalization quadrupling to over $3 billion by the end of September. The company has also broadened the use of bStocks as collateral for activities such as margin and futures trading, enhancing capital efficiency and offering greater flexibility to investors.