bStocks Utilization Hits 11.2% on Binance
The utilization of bStocks on Binance has reached 11.2% since July 31, according to recent data from Binance Research.
This marks a significant milestone in the adoption and usage of tokenized equities, which are shifting from issuance to active on-chain usage.
Notably, borrowing against these tokenized equities is nearing half of their collateral value, indicating a growing demand for this type of financing.