bStocks on Binance Achieve $1 Billion in Assets Under Management
- Assets under management (AUM) in bStocks surpassed $1 billion just four months after launching in June.
- Users converted over $6 billion between bStocks and underlying shares without additional fees by October.
- In August, only 42% of bStocks trading volume occurred during regular U.S. market hours, with the remaining volume taking place outside these hours.
- The tokenized equities market’s capitalization increased by approximately 390.4% since the start of the year.
- By September, outstanding loans backed by bStocks rose to about $3.1 million, representing a significant increase from earlier in the year.
The rapid growth of bStocks highlights a rising demand for tokenized securities and their integration into traditional financial systems. With nearly half of trading occurring outside standard hours, users can react more flexibly to market events.
Binance’s achievement of reaching $1 billion in AUM within four months underscores strong interest in accessing traditional assets through crypto platforms.(Source)
