Binance bStocks adds 60,700 holders in a single day as tokenized equities gain serious traction

Binance’s tokenized equities product, bStocks, added 60,700 new holders in just 24 hours, making it the largest issuer by holder growth in the tokenized securities space. Since launching on June 11-12, bStocks has accumulated over $500 million in assets under management and surpassed 522,000 total holders as of mid-August, according to Token Terminal data. From zero to half a billion in weeks bStocks are BEP-20 tokens on BNB Chain, each representing a 1:1 claim on an underlying US-listed stock or ETF held in regulated custody. They trade around the clock, including weekends and holidays, with zero transaction fees. The product launched with a handful of tickers including TSLAB (Tesla), NVDAB (NVIDIA), and CRCLB (Circle). It has since expanded to over 46 listings, with newer additions like SPCXB (SpaceX) tapping into assets that aren’t available on traditional public exchanges for most retail investors. On day one, bStocks held $5.6 million. Within 15 days, that figure crossed $100 million. By late July, it had surpassed $500 million. Recent figures place AUM somewhere between $500 million and $624 million. Cumulative trading volume hit $458 million within the first two weeks alone,...