Tokenized equities just went parabolic in 2026.
$4.9B in AUM — up 640% from $645M at year start. That's not gradual adoption, that's a regime shift.
Binance's bStocks is eating the market: $1.5B AUM (31% share), $45B volume since June launch, hit $1B AUM in 4 months. Onchain transfers jumped from $6B to $100B+ in Q3 alone.
Here's the alpha most miss:
56% of bStocks volume happens outside US market hours. Translation? Global degen liquidity is now trading equities 24/7 onchain.
DeFi utilization at 11.2% — 3.8% higher than competitors. Borrowing against bStocks collateral up 8x (from 5.5% to 46.2% in 3 months).
This isn't just wrapped stocks. It's collateral infrastructure. People are leveraging these for yield farming, perp trading, and cross-margin plays.
TL;DR: RWAs aren't coming. They're already here and moving faster than most realize. Tokenized equities are the new primitive for onchain capital efficiency.
$4.9B in AUM — up 640% from $645M at year start. That's not gradual adoption, that's a regime shift.
Binance's bStocks is eating the market: $1.5B AUM (31% share), $45B volume since June launch, hit $1B AUM in 4 months. Onchain transfers jumped from $6B to $100B+ in Q3 alone.
Here's the alpha most miss:
56% of bStocks volume happens outside US market hours. Translation? Global degen liquidity is now trading equities 24/7 onchain.
DeFi utilization at 11.2% — 3.8% higher than competitors. Borrowing against bStocks collateral up 8x (from 5.5% to 46.2% in 3 months).
This isn't just wrapped stocks. It's collateral infrastructure. People are leveraging these for yield farming, perp trading, and cross-margin plays.
TL;DR: RWAs aren't coming. They're already here and moving faster than most realize. Tokenized equities are the new primitive for onchain capital efficiency.