Binance’s bStocks crosses $1 billion in assets as conversions top $6 billion

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Traders using bStocks are the people who would notice this first, because Binance said the product now holds more than $1 billion in assets under management and has nearly 100 listings. The milestone sits alongside more than $6 billion in conversions between tokenized stocks and traditional equities, which points to active use of the product rather than a dormant listing.

In practice, the product is being used as a bridge between tokenized shares and underlying equities through a fee-free, 1:1 conversion process, and Binance also said it reached the $1 billion mark faster than other tokenized equity offerings. That leaves the basic setup in place while showing a larger scale of usage than before.

What remains open is the onchain data trail and the exact state of the listing count and volume figures at the moment of measurement. One report tied the $1 billion figure to Dune Research data as of Oct. 15 and another said the product started with five listings on June 11, but those details do not by themselves settle the full current picture.