According to latest reports, Binance's bStocks have demonstrated remarkable growth since their launch on June 11, 2026. By September 2026, the onchain value of bStocks had reached $772 million, representing approximately a quarter of the total onchain value for tokenized stocks. This rapid scaling has positioned bStocks behind only Ondo ($881 million) and significantly ahead of Kraken's xStocks ($574 million). The trading activity has been equally impressive, with cumulative trading volume reaching $35.8 billion, of which roughly 70% took place onchain. Latest data shows the bStocks catalog has expanded from 15 assets in early July to approximately 67-68 active listings, indicating continued rapid growth in the tokenized equity sector.
On September 21, 2026, Binance expanded bStocks collateral eligibility to all eligible margin accounts, allowing users to utilize tokenized equities as collateral. This enhancement complements Binance's equity perpetuals, which enable users to run equity basis trading strategies on the same platform. The service operates around the clock with conversions temporarily stopping during technical maintenance or corporate action processing. For existing holdings, users can convert bStocks back into stocks, but this requires an eligible Stock Account and acceptance of relevant terms before confirmation.
The 1inch aggregator has now integrated 77 bStocks tokenized equities and ETFs on BNB Chain, marking a significant expansion of self-custodied stock exposure. This integration allows users to trade tokenized stocks directly through 1inch's dApp and wallet interface, with the aggregator scanning available liquidity to route orders for better execution prices. The BNB Chain now holds approximately $1 billion or more in tokenized equities, representing about 30-34% of the broader tokenized stocks sector. This partnership addresses the critical distribution challenge in tokenized stocks, providing retail investors with self-custodied access to US equities outside traditional brokerage constraints.
According to Binance, bStocks are offered under approved ADGM prospectuses to eligible users, with U.S. persons excluded from access due to regulatory restrictions. The Abu Dhabi Global Market Financial Services Regulatory Authority lists multiple BTech Holdings bStocks on its official securities register, including certificates tied to Adobe, AMD, Alphabet, Amazon and Apple. As reported by Binance, the products are structured as certificates representing financial instruments linked to underlying shares, with BTech Holdings Limited issuing the securities as a Binance group affiliate. The bStocks are backed 1:1 by underlying U.S. shares held with a regulated custodian, representing an interest in the underlying securities rather than direct ownership.
According to Binance, the exchange's approach focuses on building multiple distribution paths around the same asset class rather than a single product. Beyond bStocks, the platform offers eligible users indirect exposure to private companies or related assets before a public listing through Pre-Access campaigns. What separates Binance from other issuers is not a single product but the size of the funnel behind it. The exchange can reach an audience that already trades, holds digital assets, and trusts the platform's custody, then augments that base with tokenized stocks and similar products. This established platform advantage enables faster tokenization adoption compared to traditional ground-up distribution models, with the 1inch integration further reducing barriers to entry for retail investors seeking US equity exposure.
