BNB Chain Reaches $1 Billion in Tokenized Stocks and ETFs Value
BNB Chain's tokenized stocks and exchange-traded funds (ETFs) have reached $1 billion in value, marking a significant milestone for the blockchain. According to Token Terminal data, BNB Chain now represents about 30% of the $3.7 billion sector.
The network surpassed both Ethereum and Solana in terms of tokenized equity value, with approximately $1.1 billion in tokenized stocks and ETFs available across its ecosystem. This growth is largely due to the expansion of products such as Ondo Global Markets, Binance's bStocks and xStocks.
The broader tokenized stock market has also seen significant growth, with tokenized equity capitalization rising to approximately $3.7 billion. The sector's on-chain activity has increased, with tokenized stock transfers exceeding $100 billion in the third quarter, compared to $6 billion in the first quarter.