Tokenized stocks and ETFs on BNB Chain have reached a market capitalization of $1.1 billion, according to Token Terminal data cited by BlockBeats on Oct. 2. That makes BNB Chain the first blockchain network to cross the $1 billion mark in this segment, accounting for about 30% of the global market’s total $3.7 billion capitalization. Ethereum ranked second with $828 million, or roughly 22% market share, while Solana followed with $738 million, or about 20%.
A separate report from Binance Research said the number of addresses holding tokenized stocks on BNB Chain has climbed to 1.8 million, equal to 45% of the market-wide total. The network currently hosts tokenized securities products including Binance bStocks and Ondo Global Markets. The broader tokenized stocks and ETF market expanded from $719 million in January this year to $3.35 billion in September, the data showed.
Tokenized stocks and ETFs on BNB Chain have reached a market capitalization of $1.1 billion, according to Token Terminal data cited by BlockBeats on Oct. 2. The figure makes BNB Chain the first blockchain network to surpass $1 billion in this market, representing about 30% of the global total of $3.7 billion.
Ethereum ranked next with $828 million, giving it roughly 22% market share. Solana followed at $738 million, or about 20%.
Binance Research also reported that the number of addresses holding tokenized stocks on BNB Chain has reached 1.8 million, accounting for 45% of the market total. The network currently carries tokenized securities products including Binance bStocks and Ondo Global Markets.
Data also showed that the tokenized stocks and ETF market grew from $719 million in January this year to $3.35 billion in September.
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