SanDisk Tokenized Stock Surpasses $100 Million on Binance

The tokenized stock of SanDisk, known as SNDKB, has reached a market capitalization of over $100 million on Binance's bStocks platform. This makes it the only tokenized security above this threshold in Binance's lineup.

As of the latest market snapshot, SNDKB was trading at $1,225.79 with a market cap of $101.71 million and 24-hour volume of $29.55 million. While its high market capitalization might suggest it is the most actively traded or widely held tokenized stock, this is not necessarily the case.

The SNDKB's valuation is primarily due to the combination of SanDisk's high share price and the circulating supply of tokens. The company's underlying shares have experienced a significant rally in 2026, reaching nearly 470% growth before its latest earnings release.

SanDisk's strong performance has been driven by rising demand for flash storage used in artificial intelligence infrastructure. The company reported a 51% sequential increase and 372% year-over-year growth in revenue during the fourth quarter of 2026, with data-center revenue more than doubling to $2.98 billion.

However, SNDKB's position at the top of Binance's bStocks market is not permanent. Changes in the price of SanDisk shares or the number of tokens issued or redeemed could cause its market capitalization to fluctuate.