According to Token Terminal data cited on November 10, 2026, the tokenized equities market has climbed to a record $4.8 billion in assets under management . The category has grown more than 640% since the start of the year, while Binance ’s bStocks account for over 31% of its assets.
Key takeaways
Tokenized stock transfers topped $100 billion in the third quarter of 2026.
Binance’s bStocks leads the category with $1.5 billion under management.
About 56% of bStocks trading happens outside regular US market hours.
The tokenized equities market grows more than 640%
Assets in tokenized equities climbed from $645 million at the start of 2026 to $4.8 billion. Token Terminal’s figures place it as the year’s fastest-growing real-world asset category.
Transfer activity also expanded sharply. Binance Research puts third-quarter on-chain transfers of tokenized stocks at more than $100 billion , compared with $6 billion in the first quarter—a rise of more than 16 times.
Binance’s bStocks takes the largest share
Binance’s bStocks is the largest product in the category, holding $1.5 billion in AUM and more than 31% of the market, Binance said.
The product crossed $1 billion on October 15, 2026, approximately four months after its June 11, 2026 launch. Binance described it as the fastest tokenized equity product to reach that threshold.
Cumulative trading volume has exceeded $45 billion . Binance also reported $7.5 billion in conversions between direct stock holdings and bStocks at equal value.
Each token offers 1:1 redemption into the underlying security , rather than a payout representing only its cash value.
Trading beyond US hours and borrowing against holdings
About 56% of bStocks trading volume since launch has occurred outside regular US market hours, according to Binance. Holders have also deployed the tokens in decentralized finance, or DeFi.
In early October, DeFi utilization—measured by total value locked deployment—reached 11.2% . That was approximately 3.8 percentage points higher than the rate for comparable tokenized equities.
Binance’s borrowing measure for deposited bStocks collateral rose from 5.5% at the end of June to 46.2% by September 10, 2026 , an 8.4-fold increase.
Binance links demand to access and product design
Binance views the tokenized equities market’s all-time high size and bStocks’ leading share as evidence of demand for simpler stock access. Shunyet Jan, Binance’s Head of Exchange and Trading, said:
“Tokenized equities reaching an all-time high is a market-level signal, and bStocks becoming the largest product in the category shows where that demand is concentrating.”
Jan said Binance designed bStocks to give users 1:1 access to stocks and ETFs without opening a separate brokerage account. He also said Binance was continuing to expand its listings and traditional-finance offerings.
Read also: bStocks’ tokenized stock growth hits $1B in AUM in just 125 days
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
