Binance bStocks passes xStocks as second-largest tokenized stock issuer
Binance’s bStocks has quickly become the second-largest tokenized stock issuer by value, reaching about $624 million on Aug. 3, less than two months after launch. It briefly passed xStocks, which stood near $579 million that day, while Ondo Finance remained the leader at about $927 million. By Tuesday, bStocks still held second place at $610.6 million, slightly ahead of xStocks at $601.2 million. The ranking has changed dramatically as tokenized stocks expanded over the past year. xStocks once led with about $40.7 million, while Ondo had only about $65,000. Total tracked tokenized stock value grew from roughly $80 million to about $2.7 billion. Binance launched bStocks on June 11 to offer blockchain-based exposure to US stocks, and Changpeng Zhao credited its rapid growth to Binance’s large user base.
