Finance13 August, 20262 min read
Binance bStocks Surpass xStocks With USD $610.6 Million In Less Than Two Months
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Binance bStocks overtook xStocks to become second-largest tokenized stock issuer within two months of launch. Valuation reached about $610.6 million, per Crypto News and Cryptopolitan, surpassing xStocks.
bStocks surge past xStocks
Binance’s bStocks overtook xStocks to become the second-largest tokenized stock issuer by value in less than two months after the product entered the market.
DiarioBitcoin said bStocks reached USD $610.6 million in less de dos meses tras su lanzamiento and surpassed xStocks, which it put at USD $601.2 million.
Crypto News and TradingView both cited Token Terminal data showing bStocks reached about $624 million on Aug. 3, moving ahead of xStocks at roughly $579 million while remaining behind Ondo Finance at about $927 million.
As of Tuesday, TradingView reported bStocks at $610.6 million and xStocks at $601.2 million, with Ondo Finance still at about $927 million.
Token Terminal market expansion
The shift in issuer rankings tracked with a rapid expansion in the tokenized equities market, with Token Terminal’s total value rising from roughly $80 million a year ago to about $2.7 billion. DiarioBitcoin said the market total de acciones tokenizadas se ha multiplicado por más de 30 veces en un año, llegando a USD $2.7 mil millones, and it tied that growth to the competition accelerating since early 2025.
Crypto News similarly described the total value tracked by Token Terminal climbing from roughly $80 million a year ago to about $2.7 billion. DiarioBitcoin also reported that Binance Research said tokenized stocks had increased 422% during the measured period, and that the broader real-world asset tokenized market grew 589% from the start of 2025.
Why Binance says it grew
Binance launched bStocks on June 11 as part of a push to combine access to traditional equities with blockchain settlement, and the tokens were described as giving eligible investors exposure to U.S. stocks through onchain assets rather than requiring direct ownership of underlying shares. DiarioBitcoin said Binance attributed its rapid ascenso a la base de usuarios existente del exchange, and it quoted Changpeng Zhao highlighting that Binance’s ecosystem was key for immediate adoption.
“Changpeng Zhao destacó que el ecosistema de Binance fue clave para la adopción inmediata del nuevo producto.”
Crypto News likewise reported that Binance co-founder and former CEO Changpeng Zhao attributed the rapid expansion of bStocks to the exchange’s existing user base, giving the new product access to a large pool of crypto traders from launch. DiarioBitcoin further described the product structure as issued by Binance’s affiliate BTech Holdings Limited, with each token backed 1:1 by the corresponding underlying securities and conversion back to that 1:1 relationship without conversion fees.