Binance's QQQB Token Dominates Record-Breaking $11.3 Billion Tokenized Equity Trading Volume

Tokenized equity trading reached new heights in July, but its success is largely attributed to Binance's QQQB token. This token, which tracks Invesco's QQQ ETF, generated $9.27 billion in volume, accounting for 82% of all tokenized-equity trade.

The total volume of tokenized stock and ETF trading jumped by a staggering 288% to reach $11.3 billion in July, driven primarily by Binance bStocks' $9.41 billion contribution.

However, excluding the QQQB token, July's turnover would have been significantly lower at around $2.03 billion, which is about 30% below June's implied total of $2.91 billion.