Estimate Puts BNB Chain's Share of Tokenized Stock Value at 42.59%
Key Facts
BNB Chain's estimated share of tokenized stock value reached 42.59%, with assets of $1.47 billion, according to an estimate by MSB Intel reposted by the network and reported by Cryptonews on October 19, 2026. The estimate comes as the tokenized stock market expands, with DWF Labs valuing it at $3.8 billion in the week of October 5. The market was worth $654 million in the week of January 5, according to the firm's research report, which examines stocks as a category of tokenized assets. In terms of the user base, Binance Research estimated the number of tokenized stock holders on BNB Chain at about 1.8 million in its report published on September 29, 2026. They represent 45% of tokenized stock holders, according to the research unit's estimate.
Among the leading products associated with this expansion is bStocks, whose assets under management exceeded $1 billion 4 months after launch, Binance announced on October 15, 2026. Binance said in its announcement that the product "has now surpassed $1 billion in assets under management, just 4 months after launch," a development accompanying the expansion of channels making it available to users. The 1inch platform had announced on October 5, 2026, that it was adding support for 77 bStocks assets on BNB Chain. The integration includes access to tokenized stock and fund products, according to 1inch's announcement making them available for trading through the platform. Binance Research identified distribution as a driver of growth in this market, saying that "issuance alone does not determine where liquidity develops."
This followed Ondo Global Markets' expansion to BNB Chain, which gave users access on the network to more than 100 tokenized U.S. stocks and funds. The network announced the expansion on October 29, 2025, adding a range of products linked to U.S. stocks and exchange-traded funds to its ecosystem. In a subsequent post dated June 26, 2026, BNB Chain said its ecosystem offered more than 709 tokenized stocks and exchange-traded funds. The mechanism by which returns on the underlying asset are reflected in Ondo tokens differs, with the network explaining that they reflect dividend reinvestment rather than tracking the stock price directly. The way these products represent the investment is therefore tied to the treatment and reinvestment of dividends, according to the network's description of the Ondo tokens available within its ecosystem.
For bStocks, BNB Chain says the underlying shares represented by the tokens are held by a regulated custodian as part of the product's structure. The conversion mechanism allows users to move from shares to bStocks tokens and to reverse the process from tokens to shares, according to the network. BNB Chain describes this process as instant conversion with no conversion fees, one of the uses it offers alongside holding the product. The bStocks ecosystem also allows these tokens to be lent through decentralized finance protocols, including Venus and Lista DAO, according to the network's description of the product's services. The ecosystem, as described by BNB Chain, combines conversion, self-custody and the use of tokens within decentralized finance protocols, alongside custody of the underlying shares by the custodian.
However, Binance explains in its introduction to bStocks that these products "are not shares or equity interests" and do not confer direct ownership in the underlying listed company. This distinction concerns the nature of the product held by the user, even with underlying shares represented by the tokens held by a regulated custodian, according to the network's description. 1inch says the rights associated with each token are determined by its issuer, making the issuance terms the reference for the rights of the tokenized product's holder. This aspect differs from the mechanism for handling returns in Ondo products, which BNB Chain describes as reflecting dividend reinvestment in their representation of the underlying asset. The characteristics of the products available within the ecosystem thus vary between the nature of the rights determined by the issuer and the way dividends are reflected, according to the definitions provided by the parties concerned.
On access to the products, 1inch ties the availability of bStocks to the user's jurisdiction under the terms it set out alongside its announcement of support for tokenized assets. The platform's stated availability conditions mean access to the product is linked to the user's legal jurisdiction, alongside support for the asset within its services on BNB Chain. 1inch also explains that liquidity can vary among individual bStocks products, even when those products are available through the same trading channel. The rights of each token holder remain subject to what the issuer determines, according to the platform's explanation of the terms for dealing in the tokenized stocks and funds it supports. These conditions accompany the expansion of bStocks, which Binance announced on October 15 had crossed the $1 billion threshold in assets under management, after the product entered additional distribution and usage channels.