First, some applause: Binance bStocks hit $1 billion in AUM just four months after launch, with $40 billion in cumulative trading volume, and expanded from 5 stocks to nearly 100—reportedly the fastest stock-token product ever to reach $1 billion. The most striking number: 62% of trading volume took place after U.S. markets closed. People in Asia are trading U.S. stocks on-chain in the middle of the night, with self-custody in the $BNB wallet. This time, they’ve really flipped over a corner of Wall Street’s table. Put simply, bringing U.S. stocks on-chain is competing for the same people’s money as $BTC .
Now for a reality check: that same week, the stock-tokenization initiative from OKX and ICE, the parent company of the NYSE, was jointly opposed by 9 publicly listed companies. Public companies simply don’t want you trading their stocks 24/7. People have been talking about putting stocks on-chain for years—but how much of that $1 billion reflects real demand, and how much is just money going around in circles?
Pick a side in the comments: A. Putting stocks on-chain is a trend that can’t be stopped / B. Wall Street won’t sit idly by—it’ll hit back sooner or later
#RWA #StockTokenization
Now for a reality check: that same week, the stock-tokenization initiative from OKX and ICE, the parent company of the NYSE, was jointly opposed by 9 publicly listed companies. Public companies simply don’t want you trading their stocks 24/7. People have been talking about putting stocks on-chain for years—but how much of that $1 billion reflects real demand, and how much is just money going around in circles?
Pick a side in the comments: A. Putting stocks on-chain is a trend that can’t be stopped / B. Wall Street won’t sit idly by—it’ll hit back sooner or later
#RWA #StockTokenization