BNB Chain Surpasses $1 Billion in Tokenized Stocks

BNB Chain has become the first blockchain to cross $1 billion in tokenized stocks and exchange-traded funds (ETFs).

The network's share of the broader market is around 30%, with a total market capitalization of $3.7 billion.

Tokenized stocks and ETFs on BNB Chain rose 17% to $1.1 billion in September from $2.87 billion in August, according to Token Terminal data.

BNB Chain led the sector with 1.8 million addresses holding tokenized stocks, accounting for 45% of the total, as reported by Binance Research.

The growth of tokenized assets on BNB Chain has been significant, increasing more than fivefold from $719 million in January.