Binance's bStocks Tops $1 Billion in User Assets About Four Months After Launch

bStocks passed $1 billion in user assets about four months after its June 11 launch, making it the world’s fastest tokenized stock product to reach that level.

The product recorded more than $40 billion in cumulative trading, with an average of more than $300 million per day. It now lists nearly 100 assets. One-to-one conversions between bStocks and direct stock positions total $6 billion.

bStocks passed $500 million in assets on July 29, about seven weeks after launch, when its listings had grown from five to more than 46. The $1 billion milestone came roughly two months later.

The product supports around-the-clock trading, on-chain settlement and transfers between wallets. Eligible users can also use bStocks as collateral; Binance expanded collateral eligibility for Cross Margin and Portfolio Margin accounts on Sept. 21.

Each bStock is a certificate designed to provide economic exposure to a specified security. It does not give holders direct ownership or shareholder rights. The products are unavailable in the United States and to U.S. persons.