Binance bStocks Hits $1 Billion As Tokenized Stock Trading Accelerates
Photo: NewsBTC
TL;DR: Binance says its bStocks tokenized-equity offering has surpassed $1 billion in assets under management, four months after launch. The milestone illustrates growing interest in trading blockchain-based representations of traditional shares. Binance says its bStocks platform has crossed $1 billion in assets under management, marking a significant milestone in its effort to make conventional financial assets tradable through cryptocurrency infrastructure. The company reported the figure on October 15, approximately four months after the product launched. Binance also cited more than $40 billion in cumulative trading volume and an expanded range of tokenized US shares and exchange-traded funds.
Source: NewsBTC
