Binance’s tokenized stock market cap just surpassed $900 million. Two months after the launch of bStocks.
$SPCX alone has generated around $3 billion in cumulative DEX volume since launch. $SNDK The price is close to $1 billion.
> bStock shares live for two months, and their market value already stands at $900 million
> SPCX: ~$3 billion in cumulative volume, clearly leading the category
> SNDK: ~$1 billion, second place by a wide margin
> Binance is no longer just hosting the issuance. It has become the settlement layer that other products build upon
Today, Robinhood is adding a second stage to the same deal. Leiter, a criminal in the DEX space, directly merges into the Robinhood Wallet—something like a distribution ad that usually means real payments to the user, not a partner press release.
Two different platforms, the same underlying bet: tokenized stocks need a settlement layer and a wallet, and whoever has both has the rails that everyone builds on. This isn’t diversified infrastructure. These are two points of failure that quietly converge around the tokenized stocks category. Because if there’s a bad week in Binance’s settlement layer or in Robinhood’s wallet, it won’t be only their product that fails.
Do you follow which rail is actually how premium shares are settled and delivered, or is it just the tokenized number?
$SPCX alone has generated around $3 billion in cumulative DEX volume since launch. $SNDK The price is close to $1 billion.
> bStock shares live for two months, and their market value already stands at $900 million
> SPCX: ~$3 billion in cumulative volume, clearly leading the category
> SNDK: ~$1 billion, second place by a wide margin
> Binance is no longer just hosting the issuance. It has become the settlement layer that other products build upon
Today, Robinhood is adding a second stage to the same deal. Leiter, a criminal in the DEX space, directly merges into the Robinhood Wallet—something like a distribution ad that usually means real payments to the user, not a partner press release.
Two different platforms, the same underlying bet: tokenized stocks need a settlement layer and a wallet, and whoever has both has the rails that everyone builds on. This isn’t diversified infrastructure. These are two points of failure that quietly converge around the tokenized stocks category. Because if there’s a bad week in Binance’s settlement layer or in Robinhood’s wallet, it won’t be only their product that fails.
Do you follow which rail is actually how premium shares are settled and delivered, or is it just the tokenized number?