Lista Lending's bStocks Loan Utilization Reaches 46.2% by Sept. 10

Lista Lending used 46.2% of deposited Binance bStocks as collateral for loans by Sept. 10, up from 5.5% at June's end, while the platform held $9.64 million across 93 stocks and 303 markets on Nov. 5.

Utilization measures the share of deposited bStocks collateral being used to back loans. Lista, a lending protocol on BNB Chain, began accepting the tokens on June 18.

Binance bStocks are tokenized versions of U.S. equities. Users can deposit them as collateral, borrow stablecoins and keep exposure to the underlying stocks. By Nov. 10, Lista had added five bStocks collateral assets, including APPB and BSPB.

The tokens trade on-chain around the clock, while their underlying stocks do not. That difference in trading hours creates pricing and risk-management challenges for lending protocols that accept tokenized stocks as collateral.

On Base, Aave V4's Equities Hub lets eligible non-U.S. users borrow USD Coin (USDC) against seven tokenized U.S. stocks.