BNB Chain tokenized assets surge in Q3 as RWA supply reaches $4.96B

BNB Chain spent the third quarter becoming a busier place for real-world assets. According to the Blockworks Q3 Token Holder Report, non-stablecoin RWA supply on the network rose 24% quarter over quarter to $4.96 billion. The numbers behind the quarter Start with the biggest slice. Tokenized treasuries accounted for $3.77 billion of that $4.96 billion RWA total. And branch out it did. Tokenized equity supply on BNB Chain doubled during the quarter to $1.13 billion, per the Blockworks report. That figure represents roughly 39% of the $2.89 billion in tokenized equities across all the networks Blockworks tracked. It also made BNB Chain the largest chain for tokenized stocks among those covered in the report. Tokenized equity trading volume on the network reached about $25.6 billion in Q3. In Q2, that figure was $2.4 billion. That is an elevenfold jump in a single quarter, with much of the activity running through decentralized exchanges. What drove the growth Blockworks pointed to new product launches as a major driver. Two names stand out: bStocks and Ondo’s USDY. bStocks, which launched on June 11, accounted for $810 million of the network’s tokenized equity supply by the end of Q3...