$1.1 billion, 30% share: BNB Chain’s tokenized stocks and ETF market cap ranks #1 in the whole space.
The data holds an explanation: in January, this market accounted for only 13% of BNB Chain; now it’s 30%. The reason it overtook others is Binance’s distribution and its own products. The tokenized securities it supports—such as Binance bStocks and Ondo Global Markets—are mostly routed from Binance’s user base. With 1.8 million holder addresses, it makes up 45% of the entire market. In other words, the share is rising quickly, which is more likely because exchanges are moving existing users on-chain—not because native on-chain demand has newly emerged.
For anyone watching this segment, here’s a reminder: before looking at market share, first check where it came from. If the same money is moved to another chain one day, that 30% could also relocate quickly.
First, distinguish whether it’s users being brought in or users growing organically.
#bnb chain tokenized stock scale exceeds $1 billion, accounting for 30% of the market
The data holds an explanation: in January, this market accounted for only 13% of BNB Chain; now it’s 30%. The reason it overtook others is Binance’s distribution and its own products. The tokenized securities it supports—such as Binance bStocks and Ondo Global Markets—are mostly routed from Binance’s user base. With 1.8 million holder addresses, it makes up 45% of the entire market. In other words, the share is rising quickly, which is more likely because exchanges are moving existing users on-chain—not because native on-chain demand has newly emerged.
For anyone watching this segment, here’s a reminder: before looking at market share, first check where it came from. If the same money is moved to another chain one day, that 30% could also relocate quickly.
First, distinguish whether it’s users being brought in or users growing organically.
#bnb chain tokenized stock scale exceeds $1 billion, accounting for 30% of the market
