Tokenized Stocks Reach Record $4.8B as Binance bStocks Tops 31% of Market

Tokenized stocks reached a record $4.8 billion in assets under management, with Binance’s bStocks accounting for more than 31% of category assets as the sector expands this year.

Total assets under management have risen more than 640% from $645 million at the start of 2026. Binance’s bStocks held $1.5 billion, making it the largest tokenized-stock product by assets.

More than $100 billion in on-chain transfers involving tokenized stocks occurred in the third quarter, more than 16 times the $6 billion total from the first quarter. bStocks has generated more than $45 billion in cumulative trading volume.

The value of one-to-one conversions between directly held stock positions and bStocks reached $7.5 billion. bStocks trading activity has not been confined to regular U.S. stock-market hours.

The $4.8 billion assets-under-management figure measures holdings, while transfer totals and trading volume track activity. Those measures describe separate parts of the overall tokenized-stock market.