$30 billion in turnover, and you still don't own the shares
In under 90 days, cumulative turnover on Binance's bStocks passed $30B. Tokenized equity volume grew more than 33x between January and August.
Big number. But one detail stopped me.
bStocks aren't actual shares. They're certificates issued by a Binance affiliate, and they don't give you direct ownership of the underlying company.
Look at the rest of the chain too. The issuer is Binance's. The shares are bought through Binance's broker-dealer. Trading happens on Binance. Even the collateral and up to 5x leverage come from Binance. The whole stack sits under one roof.
My read: this is a real distribution success for RWAs, but what it proves is trading demand. How many people actually hold these, and for how long, is data I haven't seen yet.
So when I hear "RWA is growing," my first question now is: what's growing, volume or ownership?
Are you a trader or a holder on bStocks? The answer says a lot about what kind of demand this is.
⚠️ Not financial advice. Product availability varies by region.
#RWA #TokenizedStocks #bStocks #Binance
$NVDAB
$CBRSB
$SPCXB
In under 90 days, cumulative turnover on Binance's bStocks passed $30B. Tokenized equity volume grew more than 33x between January and August.
Big number. But one detail stopped me.
bStocks aren't actual shares. They're certificates issued by a Binance affiliate, and they don't give you direct ownership of the underlying company.
Look at the rest of the chain too. The issuer is Binance's. The shares are bought through Binance's broker-dealer. Trading happens on Binance. Even the collateral and up to 5x leverage come from Binance. The whole stack sits under one roof.
My read: this is a real distribution success for RWAs, but what it proves is trading demand. How many people actually hold these, and for how long, is data I haven't seen yet.
So when I hear "RWA is growing," my first question now is: what's growing, volume or ownership?
Are you a trader or a holder on bStocks? The answer says a lot about what kind of demand this is.
⚠️ Not financial advice. Product availability varies by region.
#RWA #TokenizedStocks #bStocks #Binance
$NVDAB
$CBRSB
$SPCXB