Tokenized Stocks are Becoming Collateral, Not Just Trades, Binance Data Shows

Tokenized equities are starting to work less like a novelty and more like financial plumbing. New figures from Binance show holders of its bStocks tokens increasingly borrowing against them, deploying them in decentralized finance and trading them when Wall Street is closed. The exchange said on Thursday that bStocks, its tokenized versions of U.S.-listed stocks and ETFs, have passed $1 billion in assets under management about four months after their June 11 launch. Binance described it as the fastest tokenized equity product to reach that level, citing on-chain data from Dune Research. The usage data is the more telling part.

Source: Blockchain Reporter