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Binance Says bStocks Surpassed $1 Billion in Assets
Binance says its bStocks tokenized-securities product passed $1 billion in assets about four months after launch, alongside more than $40 billion in reported cumulative volume.
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Contact the desk →Binance announced on October 15 that bStocks had exceeded $1 billion in assets under management roughly four months after launching on June 11. The company also reported more than $40 billion in cumulative trading volume, nearly 100 listed bStocks and $6 billion converted between direct stock positions and bStocks. These are issuer-reported figures tied partly to onchain data, not independently audited results.
The product represents economic exposure to U.S.-listed stocks and exchange-traded funds and can trade onchain outside conventional market hours. Binance said only 38% of July bStocks volume occurred during regular U.S. trading hours. However, bStocks are certificates rather than direct shares in the underlying companies. Availability is restricted by jurisdiction and eligibility, and Binance’s announcement says the approved public-offer framework applies in Abu Dhabi Global Market rather than the United States.
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Key takeaways
- //Binance reported that bStocks exceeded $1 billion in assets roughly four months after its June 11 launch.
- //The issuer reported more than $40 billion in cumulative volume, nearly 100 listed assets and $6 billion in conversions.
- //bStocks provide economic exposure to U.S. securities but do not give holders direct ownership of the underlying companies' shares.
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