Binance makes a major move into traditional financial derivatives, with tokenized U.S. stock market value surpassing $3 billion
1. Binance launches seven traditional finance perpetual futures
On September 29 (Beijing time), Binance Futures officially lists seven USDT-margined perpetual contracts. The underlying assets include Accenture (ACN), MP Materials (MP), and tokenized assets associated with Securitize. This marks another major expansion by Binance in the traditional finance derivatives space, signaling a deeper integration between tokenized real-world assets and the infrastructure of native crypto perpetual contracts.
The launched contracts cover multiple sectors, including consulting, mining, and tokenized securities, reflecting that Binance is systematically building an on-chain trading ecosystem for traditional financial assets. Investors can now participate in price speculation of U.S.-stock-related assets through perpetual contracts without directly holding the underlying securities, greatly lowering the trading barrier for traditional assets.
2. Tokenized U.S. stock market sees explosive growth
According to the latest data from Binance Research Institute, the total market capitalization of tokenized stocks exceeded $3 billion in the third quarter of 2026. This is more than four times the approximately $700 million at the beginning of the year. It has become the fastest-growing sub-segment in the real-world asset (RWA) track. Of this, BNB Chain carries about $1 billion in tokenized stock value, demonstrating its leading position in RWA infrastructure.
From a more macro perspective, the total market size of the entire RWA sector has reached $38 billion, up 50% year-to-date. Meanwhile, DeFi’s total value locked (TVL) rebounded by 38% in the third quarter to reach $95.3 billion. These figures indicate that the convergence of traditional finance and decentralized finance is accelerating. Tokenized securities—serving as a bridge between the two worlds—are attracting growing attention from both institutions and retail investors.
3. Surge in U.S. Treasury yields sparks market jitters
Notably, the yield on the U.S. 10-year Treasury note jumped to 5.24%, the highest level since 2007. This is the first time in about 25 years that the yield has exceeded the earnings yield of the S&P 500, implying a structural shift in the appeal of fixed-income assets to risk assets.
Against this backdrop, Bitcoin has pulled back to around $83,000, and risk assets are generally under pressure. However, analysts point out that if the underlying driver of rising yields is concern over fiscal deficits rather than Federal Reserve rate hikes, Bitcoin could actually benefit as an alternative store of value. This logic is being accepted by an increasing number of macro hedge funds.
4. Bitwise launches the first U.S. spot NEAR ETF
On the same day, Bitwise’s NEAR ETF (ticker: NRR) was officially listed and began trading on the NYSE Arca platform, becoming the first U.S. spot NEAR exchange-traded product. The fund charges a management fee of 0.75% and includes a staking mechanism, targeting an annualized staking yield of about 5%.
The NEAR protocol has been performing strongly recently. NEAR Intents has processed cumulative transaction volume exceeding $32 billion, and NEAR’s inflation rate has recently been cut in half to 2.5%, providing solid fundamental support for the ETF launch. This also further enriches investment tools for crypto assets through traditional financial channels.
5. Parallel progress in regulation and the market
A recent vote by the U.S. Senate on a proposed crypto regulatory bill did not pass. The clarity bill for crypto was not advanced by a narrow margin of 49 to 50. Despite this, the market moved higher within 13 days after the vote, and industry participants have said they will continue to push for regulatory clarification. Meanwhile, Tether faces additional pressure from a Senate investigation due to USDT’s high share in Iran-related sanctioned transactions, though it emphasized that it helped freeze nearly $550 million worth of Iran-linked USDT funds in 2026.
Overall, the integration of traditional finance and the crypto world is advancing at an unprecedented pace. The ongoing innovation in tokenized U.S. stocks, ETF products, and perpetual contracts is reshaping how global investors allocate assets.
#EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #TokenizedStocks
1. Binance launches seven traditional finance perpetual futures
On September 29 (Beijing time), Binance Futures officially lists seven USDT-margined perpetual contracts. The underlying assets include Accenture (ACN), MP Materials (MP), and tokenized assets associated with Securitize. This marks another major expansion by Binance in the traditional finance derivatives space, signaling a deeper integration between tokenized real-world assets and the infrastructure of native crypto perpetual contracts.
The launched contracts cover multiple sectors, including consulting, mining, and tokenized securities, reflecting that Binance is systematically building an on-chain trading ecosystem for traditional financial assets. Investors can now participate in price speculation of U.S.-stock-related assets through perpetual contracts without directly holding the underlying securities, greatly lowering the trading barrier for traditional assets.
2. Tokenized U.S. stock market sees explosive growth
According to the latest data from Binance Research Institute, the total market capitalization of tokenized stocks exceeded $3 billion in the third quarter of 2026. This is more than four times the approximately $700 million at the beginning of the year. It has become the fastest-growing sub-segment in the real-world asset (RWA) track. Of this, BNB Chain carries about $1 billion in tokenized stock value, demonstrating its leading position in RWA infrastructure.
From a more macro perspective, the total market size of the entire RWA sector has reached $38 billion, up 50% year-to-date. Meanwhile, DeFi’s total value locked (TVL) rebounded by 38% in the third quarter to reach $95.3 billion. These figures indicate that the convergence of traditional finance and decentralized finance is accelerating. Tokenized securities—serving as a bridge between the two worlds—are attracting growing attention from both institutions and retail investors.
3. Surge in U.S. Treasury yields sparks market jitters
Notably, the yield on the U.S. 10-year Treasury note jumped to 5.24%, the highest level since 2007. This is the first time in about 25 years that the yield has exceeded the earnings yield of the S&P 500, implying a structural shift in the appeal of fixed-income assets to risk assets.
Against this backdrop, Bitcoin has pulled back to around $83,000, and risk assets are generally under pressure. However, analysts point out that if the underlying driver of rising yields is concern over fiscal deficits rather than Federal Reserve rate hikes, Bitcoin could actually benefit as an alternative store of value. This logic is being accepted by an increasing number of macro hedge funds.
4. Bitwise launches the first U.S. spot NEAR ETF
On the same day, Bitwise’s NEAR ETF (ticker: NRR) was officially listed and began trading on the NYSE Arca platform, becoming the first U.S. spot NEAR exchange-traded product. The fund charges a management fee of 0.75% and includes a staking mechanism, targeting an annualized staking yield of about 5%.
The NEAR protocol has been performing strongly recently. NEAR Intents has processed cumulative transaction volume exceeding $32 billion, and NEAR’s inflation rate has recently been cut in half to 2.5%, providing solid fundamental support for the ETF launch. This also further enriches investment tools for crypto assets through traditional financial channels.
5. Parallel progress in regulation and the market
A recent vote by the U.S. Senate on a proposed crypto regulatory bill did not pass. The clarity bill for crypto was not advanced by a narrow margin of 49 to 50. Despite this, the market moved higher within 13 days after the vote, and industry participants have said they will continue to push for regulatory clarification. Meanwhile, Tether faces additional pressure from a Senate investigation due to USDT’s high share in Iran-related sanctioned transactions, though it emphasized that it helped freeze nearly $550 million worth of Iran-linked USDT funds in 2026.
Overall, the integration of traditional finance and the crypto world is advancing at an unprecedented pace. The ongoing innovation in tokenized U.S. stocks, ETF products, and perpetual contracts is reshaping how global investors allocate assets.
#EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #TokenizedStocks