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Deployments · platform by Binance

Binance bStocks tokenised US equitiesUpdated 27 Oct 2026

BNB Chain tokens backed one to one by US shares bought by Binance's broker-dealer Nest Trading and held with a regulated custodian, issued by Binance affiliate BTech Holdings under prospectuses approved by the ADGM financial regulator and traded 24/7 on Binance's ADGM venue. Launched in June 2026 with five names; not offered to US persons and stated not to be shares. Crypto-native issuer.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled) since Sep 2026[2] — Issued and traded on Binance's ADGM venue for non-US users; over $30 billion traded and 1.5 million on-chain holders by autumn 2026; second-largest tokenised stock issuer by value on RWA.xyz. · Reviewed today

Assets
Beneficial interest[1]
BEP-20 tokens issued by a Binance affiliate, each backed by one underlying share
Networks
BNB Chain Public, permissionless[1]
Use cases
Secondary trading[5]
Jurisdictions
Abu Dhabi Global Market (ADGM)

Participants

  • BinancePlatform provider, Issuer, Operator, Distributor[1]Global
  • AlpacaCustodian[4]United States

Assets

Metrics

  • ~$923mValue of tokenised stocks · as of 11 Oct 2026 · on BNB Chaincontext[5]
    On-chain via rwa.xyz; 91 stock tokens counted. Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.
  • 91 tokensTokenised stocks listed · as of 11 Oct 2026context[5]
    On-chain via rwa.xyz. Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.
  • over $30bnCumulative trading volume · as of Sep 2026[2]
  • ~$678mValue outstanding · as of 6 Sep 2026context[2]
    Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.
  • ~$10.89bn / monthTransfer volume · as of 12 Oct 2026 · on BNB Chaincontext[3]
    Trailing 30 days via RWA.xyz; all on-chain transfers, not just trades.
  • 1,504,832 holdersToken holders · as of 12 Oct 2026context[3]
    Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.
  • ~$1.29bnValue of tokenised stocks · as of 26 Oct 2026 · on BNB Chaincontext[6]
    On-chain via RWA.xyz platform league table; 99 stock tokens counted (up from about $923m and 91 tokens on 11 Oct). Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.
  • over $5.07bn / monthTrading volume, known venues (daily read) · as of 18 Oct 2026[7]
    Average of the last 2 days of 24-hour trading, scaled to a month. Covers: Binance. Not covered: Binance's own figure for trading outside its spot order books. A floor, not the full total.

Timeline

  1. Happened Sep 2026 (month only) · Volume milestone · recorded 13 Oct 2026
    Cumulative bStocks trading passes $30 billion in under 90 days, outstanding value doubles to about $678 million, and Binance opens bStocks as margin collateral to all eligible users.[2]
  2. Happened 12 Jun 2026 · Launch · recorded 11 Oct 2026
    Binance admits the first bStocks to trading, covering Circle, Micron, NVIDIA, Sandisk and Tesla.[1]

Sources

  1. [1]Binance Exchange Launches bStocks Tokenized Securities: 1:1 Backing and 24/7 Trading — Binance (press release via AAP/Cision), 12 Jun 2026. Accessed 11 Oct 2026.B
  2. [2]Binance Opens bStocks Collateral to Every Eligible User as Tokenized Stock Volume Tops $30 Billion — HackerNoon, 21 Sep 2026. Accessed 13 Oct 2026.C
  3. [3]bStocks platform dashboard — RWA.xyz. Accessed 13 Oct 2026.A
  4. [4]bStocks platform dashboard — RWA.xyz. Accessed 13 Oct 2026. Custodian field is RWA.xyz metadata, not on-chain data..C
  5. [5]Tokenized stocks dashboard — RWA.xyz. Accessed 11 Oct 2026.A
  6. [6]Tokenized stocks dashboard — RWA.xyz. Accessed 27 Oct 2026. Platform league table (data updated 26 Oct 2026)..A
  7. [7]Trading volume read daily from venues' public data — Exchange public market data and GeckoTerminal (automated daily read). Accessed 18 Oct 2026. Venue-reported figures; exchanges' own volume can include wash trading..B

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