Binance bStocks Explodes with 60,700 New Holders in One Day

Binance's tokenized equities product, bStocks, has experienced explosive growth since its launch on June 11-12. In just 24 hours, it added a staggering 60,700 new holders, making it the largest issuer by holder growth in the tokenized securities space.

Since its inception, bStocks has accumulated over $500 million in assets under management and surpassed 522,000 total holders as of mid-August. The product's rapid growth is a testament to its appeal among investors, particularly those from emerging markets and Gen Z.

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.