Binance bStocks has overtaken xStocks to change into the second-largest tokenized inventory issuer by worth lower than two months after launch.
BStocks reached about $624 million on Aug. 3, surpassing xStocks at roughly $579 million however trailing Ondo Finance at about $927 million, in keeping with Token Terminal knowledge. As of Tuesday, bStocks remained in second place at $610.6 million, narrowly forward of xStocks at $601.2 million.
The issuer panorama has shifted sharply because the tokenized inventory market has grown. A 12 months earlier, xStocks led with $40.7 million, adopted by Robinhood at $37.2 million, whereas Ondo held about $65,000. The full worth tracked by Token Terminal has since surged from roughly $80 million to about $2.7 billion.
Tokenized inventory worth by issuer on Aug. 3, 2025, Aug. 2, 2026 and Aug. 3, 2026. Supply: Token Terminal
Binance launched bStocks on June 11 to offer traders publicity to US shares via blockchain-based tokens with out straight proudly owning the underlying shares.
Changpeng Zhao, Binance’s co-founder and former CEO, attributed bStocks’ speedy progress to Binance’s person base.
