BNB Chain crosses $1B in tokenized stocks, ETFs as market hits $3.7B
Tokenized stocks and ETFs on BNB Chain reached $1.1 billion as the broader market climbed to $3.7 billion, putting the network’s share at roughly 30%.
Tokenized stocks and exchange-traded funds (ETFs) on the BNB Chain reached $1.1 billion as the overall market grew to $3.7 billion, capturing roughly 30% of the market, according to recent data. BNB Chain has become the first blockchain to surpass the $1 billion mark in tokenized stocks and ETFs. The sector's market capitalization rose by approximately 17% in September, reaching $3.35 billion from $2.87 billion in August.
Token Terminal data reveals that BNB Chain's tokenized stocks and ETFs accounted for $1.1 billion, or roughly 30% of the $3.7 billion market. Ethereum held a 22% share with $828 million, while Solana contributed $738 million, or 20% to the market. BNB Chain also led with 1.8 million addresses holding tokenized stocks, comprising 45% of the total.
Binance Research reported this figure in a Tuesday study. The network offers products such as Binance bStocks and Ondo Global Markets tokenized securities. The market for tokenized assets has surged more than fivefold, growing from $719 million in January, when Ethereum accounted for about 48% of the market, followed by Solana at 31% and BNB Chain at just 13%.
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