BNB Chain surpasses $1 billion in tokenized stock
Stocks and index funds replicated as digital tokens on BNB Chain now represent about $1.1 billion, or nearly 30% of a market valued at $3.7 billion, according to Token Terminal, cited by Cointelegraph. Binance Research estimates that 1.8 million addresses hold these assets on the network, representing 45% of the total identified. This milestone reflects the rise of products that make it possible to track stock prices on a blockchain; they are not necessarily equivalent to direct ownership of a stock.
Stocks and index funds replicated as digital tokens on BNB Chain now represent about $1.1 billion, or nearly 30% of a market valued at $3.7 billion, according to Token Terminal, cited by Cointelegraph. Binance Research estimates that 1.8 million addresses hold these assets on the network, representing 45% of the total identified. This milestone reflects the rise of products that make it possible to track stock prices on a blockchain; they are not necessarily equivalent to direct ownership of a stock.
