Tokenized Equities Show $3.42 Billion in Distributed Value

Distributed value for tokenized public equities, including stocks and exchange-traded funds, stood at $3.42 billion as of Oct. 20. That measure differs from the assets under management of any single tokenized-stock product.

Binance’s bStocks surpassed $1 billion in assets under management on Oct. 15. The two figures describe different measures and do not establish a like-for-like market change. The bStocks milestone measures assets under management for one product.

bStocks are backed one-to-one by underlying securities, but holders do not directly own the shares. The product is unavailable in the United States and to U.S. persons.