Binance's bStocks Platform Dominates Tokenized Equity Market in July

bStocks, Binance's tokenized stocks platform, has taken over the market, capturing 85% of tokenized-equity DEX volume in July. The total tokenized-equity DEX volume reached $8.8 billion, a significant increase from June's $2.9 billion.

bStocks was launched by Binance on June 11 and allows investors to convert real shares into tokens with zero fees. This platform has seen rapid growth, with early tickers including heavy hitters like Circle stock (CRCLB).

The surge in bStocks trading volume is attributed to its incentives, such as zero maker fees on specific pairs and VIP volume multipliers. Additionally, tokenized assets on BNB Chain surpassed $19 billion, with stablecoins leading the way at $14.8 billion.