Assets under management in the tokenized equities sector reached an all-time high of $4.8 billion in early November 2026, up 164% since June, according to Binance data. bStocks surpassed $1.5 billion in AUM 145 days after its June launch, making it the largest tokenized equity issuer by assets under management.

bStocks’ market share rose from less than 1% in June to 31.4% in early November. Growth also extended beyond the product: Excluding bStocks, the combined AUM of other market participants increased by 81% over the same period.

bStocks’ growth and the tokenized equities market

According to Binance Research, bStocks reached $1 billion in AUM within 125 days of launching and crossed $1.5 billion 20 days later. Ondo, another major market participant, took 265 days to reach its first $1 billion.

Binance said bStocks’ expansion coincided with increased activity across the tokenized equities market.

The sector developed gradually as companies built infrastructure to tokenize traditional financial instruments. Early examples included Franklin Templeton’s FOBXX fund, which uses blockchain to record ownership rights to fund shares, and Singaporean bank DBS’s issuance of digital bonds worth 15 million Singapore dollars.

Further development of the real-world assets market produced products including BlackRock’s tokenized BUIDL fund. According to Binance, the industry entered a phase of broader real-world adoption in 2025 and 2026, supported by the development of regulatory infrastructure. Tokenized stocks nevertheless remain a small part of the global equity market.

Trading outside U.S. market hours

Binance Research said 56% of bStocks’ trading volume occurs outside standard U.S. stock exchange sessions. The activity indicates demand for access to instruments linked to U.S. stocks and exchange-traded funds when traditional exchanges are closed.

Gen Z accounts for 46% of bStocks users and contributes a larger share of weekend trading volume than other age groups, according to Binance Research. Millennials hold positions longer than other cohorts and account for 78% of total trading value. Users in emerging economies and frontier markets have generated about 70% of trading volume since the product’s launch.

Binance attributed those figures to demand for more accessible exposure to the U.S. stock market. For eligible users outside the United States, minimum purchases of certain tokenized instruments start at $5. However, round-the-clock trading does not guarantee constant liquidity or eliminate price risk.

Collateral and links to traditional assets

According to Binance, each bStocks token is backed on a 1:1 basis by corresponding shares or ETFs held with a regulated custodian. Binance reports daily reserve reconciliations and publishes collateral attestations on its Proof of Collateral page, allowing users to compare the number of issued tokens with the reported reserves.

bStocks are not direct shares in public companies. They are tokenized securities that provide economic exposure to the relevant assets but do not give holders direct ownership of the underlying shares.

Binance also supports conversion between bStocks and corresponding shares at a 1:1 ratio without a conversion fee, subject to applicable terms. The company said users hold more than $3 billion in traditional financial assets through its Direct Stocks and bStocks products.

Binance said further development of tokenized stocks will depend not only on AUM growth but also on collateral transparency, product availability and practical uses.

Source: Incrypted