BNB Chain Surpasses $1 Billion in Tokenized Stocks and ETFs

BNB Chain has reached a significant milestone in the tokenized stock market, surpassing $1 billion in value.

The network now hosts about 1.1 billion dollars worth of tokenized stocks and ETFs, nearly 30% of a market valued at around 3.7 billion. This is a significant increase from January, when BNB Chain only represented 13% of the sector.

Ethereum follows with $828 million dollars, ahead of Solana at $738 million. Binance Research estimates that bStocks alone represents about $800 million dollars after less than four months of existence.

The growth of BNB Chain is attributed to the launch of Binance bStocks and Ondo Global Markets, which are hosted on the network. The number of users also grows rapidly, with about 1.8 million addresses now holding tokenized stocks on BNB Chain, representing 45% of the total market.