Binance bStocks hit $624 million in value, overtaking xStocks at $579 million amid rapid growth in tokenized assets.
Binance bStocks have become the second-largest tokenized stock issuer by value, reaching $624 million on August 3. This surpasses xStocks, which stands at $579 million, but trails Ondo Finance at $927 million, according to market data.
The tokenized stock market has expanded significantly, with total value tracked by Token Terminal rising from $80 million to $2.7 billion over the past year. A year earlier, xStocks led with $40.7 million, followed by Robinhood at $37.2 million, while Ondo Finance held just $65,000.
The shift reflects growing investor interest in tokenized assets, though no immediate market reaction was reported.