Das Wachstum tokenisierter Aktien bei bStocks erreicht nach nur 125 Tagen 1 Milliarde US-Dollar verwaltetes Vermögen

The Cryptonomist · 2026-10-27T14:20:44.000Z

Laut Daten von Binance Research mit Stand vom 14. Oktober 2026 erreichte bStocks innerhalb von 125 Tagen ein verwaltetes Vermögen von 1 Milliarde US-Dollar – weniger als halb so schnell wie Ondo. Das Wachstum von bStocks bei tokenisierten Aktien geht jedoch über diesen Meilenstein hinaus: Der Großteil des Vermögenszuwachses entfällt auf Nettozuflüsse, die Bestände verteilen sich inzwischen auf fast 100 Notierungen, und mehr als die Hälfte des Handels findet außerhalb der regulären US-Börsenzeiten statt. Die wichtigsten Erkenntnisse Nach dem Start entfielen mehr als 60 % des Wachstums am Markt für tokenisierte Aktien auf bStocks.

bStocks reached US$1 billion in assets under management in 125 days, according to Binance Research data as of October 14, 2026—less than half the time Ondo took. But bStocks’ tokenized stock growth extends beyond the headline milestone: net inflows account for most of its asset gains, holdings have spread across nearly 100 listings, and more than half of trading happens outside regular US market hours.
Key takeaways
bStocks captured more than 60% of tokenized stock market growth after its launch.
Millennials generate 78% of trading value despite representing 37% of users.
Weekly turnover averaged 1.65 times bStocks’ assets under management.
bStocks’ tokenized stock growth outpaces peers
bStocks reached US$1 billion in AUM faster than Ondo, which took 265 days. Reaching US$500 million previously required 46 days, whereas Ondo needed 175 days and xStocks took 403 days, based on rwa.xyz figures gathered by Binance Research.
The acceleration included a rise from US$100 million to US$500 million in about a month. One of its strongest weeks came in early July, when 10 tickers joined the platform.
Since bStocks launched on June 11, the tokenized stock market has grown 119%, versus 45% excluding bStocks. It contributed more than 60% of the increase and held 34.2% market share as of October 20. Binance Research interprets this as expansion beyond simply taking assets from existing issuers.
By October 14, bStocks’ AUM stood at 249 times its first recorded level. Growth paused in August after a sharp late-July peak, then accelerated again from September.
Net inflows drive a broader asset base
Net inflows contributed about 68% of bStocks’ onchain AUM growth since launch, according to DefiLlama data analyzed by Binance Research. Price movements and unattributed changes accounted for the remainder.
Those other factors drove most growth in June and July. Since late August, however, net inflows have broadly matched or exceeded AUM gains. The week ending August 16 recorded roughly US$184 million in net outflows; inflows resumed the following week and stayed positive in most subsequent weeks.
bStocks’ tokenized stock growth also became less concentrated. Listings expanded from six to nearly 100, while the five largest assets’ combined share fell from about 97% to below 50%. Since mid-August, their share has stayed around 45%–50%, with Circle, Strategy and SpaceX among the largest names.
Millennials drive value while Gen Z leads user numbers
Gen Z represents 46% of bStocks users but 8% of trading value; Millennials account for 37% of users and 78% of value, Binance Research’s October 13 figures show.
The groups also trade differently. Weekends account for 11.5% of Gen Z volume, versus 6.9% for other generations combined. Just 26% of Gen Z holdings remain open for a week or longer, whereas the share rises to 40% among Millennials and sits near 30% for both Gen X and Baby Boomers. Millennials hold longest across every measured horizon, with 13% of positions still open after 90 days.
Crypto-linked equities, including Strategy and Circle, attract 50% of Millennial buy value versus 40% for Gen Z. SpaceX accounts for 26% of Gen Z buying against 16% for Millennials; index ETFs such as QQQ and SPY attract 8% versus 3%.
Geographically, emerging and frontier markets generated about 70% of volume since launch, rising to around 75% in the weeks covered by the October 11 snapshot.
About 56% of total trading volume occurred outside regular US market hours: roughly 49% on weekdays before opening or after closing, plus 7% on weekends.
Active trading and DeFi use expand alongside AUM
Weekly trading volume averaged about 1.65 times AUM over the two months covered by Binance Research’s October 11 data. Turnover fell from roughly five times AUM in the first week, while weekly volume stayed broadly flat from mid-September as assets continued growing.
DeFi utilization—the share of active AUM deployed in lending markets or liquidity pools—generally ranged from 10% to 14% for bStocks after mid-August, versus roughly 5%–9.5% across tokenized equities. It briefly slipped below the market average in mid-October before reaching about 17% on October 19, when DeFi activity more than doubled.
Usage also expanded in margin accounts. From June 30 through the October 11 snapshot, bStocks AUM grew about 5.4 times, listed assets increased about sixfold, margin collateral rose about 6.5 times, and cumulative spot trading volume increased more than 18 times.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.