Binance Claims Fastest $1 Billion Sprint in bStocks With $6 Billion in Share Conversions

Binance has reported that its bStocks product crossed $1 billion in assets faster than any competing tokenised equity offering. Underpinned by $6 billion in two-way conversions with underlying shares, the product reflects growing appetite to deploy conventional equity holdings across blockchain ecosystem. Since the June 11 launch, bStocks have generated more than $40 billion in cumulative trading volume, according to Binance’s announcement. The range has grown from five securities to almost 100 stocks and ETFs. bStocks AUM: $1,000,000,000+ ✔️ With 1:1 convertibility and zero conversion fees, users have converted over $6B between bStocks and underlying stocks.

Source: Finance Magnates