Mantle has officially listed BSPx, the tokenized stock representing Bending Spoons, making it the third tokenized equity launched on the network in less than a month. BSPx is issued by xStocks and is now available for trading on Fluxion, Mantle’s decentralized exchange for these assets. The product follows earlier listings of SPCXx on June 19 and USPXx on June 23, extending Mantle’s push to bring newly listed traditional equities on-chain at a pace closer to public market timelines. According to the announcement, BSPx trading on Fluxion uses a hybrid infrastructure. During regular market hours, Atomic RFQ anchors pricing to live market quotes, while the AMM execution layer is designed to keep trading available after the underlying market closes. Mantle said this structure supports more continuous access to tokenized stocks on-chain. The listing also comes with stacked incentives. Eligible BSPx trades can earn both xPoints, the native rewards system from xStocks, and additional rewards from a 1 million Fluxion Points pool distributed based on trading volume and liquidity contribution. The incentive program applies across the broader xStocks asset lineup, including TSLAx, NVDAx, AAPLx, METAx, GOOGLx, MSTRx, SPCXx, USPXx, and BSPx.

More than a month after Binance launched its stock trading business on June 1, early usage data suggests the product has found real demand, though not broad-based adoption. Out of more than 7,000 tradable U.S. stocks and ETFs, over 700 have seen trading activity. As of the week ended July 1, Binance stock users added $193.3 million in net equity exposure, marking the second consecutive week above $190 million. The flow profile is highly concentrated. Emerging-market users accounted for 81% of net inflows, while technology absorbed 83% of weekly net inflows, led by AI memory and semiconductor names such as MU, MUU, SNDK, AMAT, and INTC. The data points to catalyst-driven, narrative-heavy behavior rather than long-term portfolio allocation, with users rotating quickly across themes including AI infrastructure, quantum computing, SpaceX, and defense. On the tokenized equities side, Binance’s bStocks appears to be finding product-market fit in off-hours trading. According to Binance Research, 44% of bStocks volume occurred outside regular U.S. market hours, and weekend trading still averaged roughly $346,000 per hour. However, while demand for on-chain tokenized stock exposure appears validated, a large share of that activity on BNB Chain is still flowing through third-party ecosystems such as Ondo, leaving bStocks’ standalone market share unclear.

More than a month after Binance launched its stock trading business on June 1, early data suggest the product has found real demand, though that demand is concentrated rather than broad-based. Out of more than 7,000 tradable U.S. stocks and ETFs, over 700 had seen trading within the first month, implying roughly 10% instrument participation. For the week ending July 1, users added $193.3 million in net stock exposure, marking the second straight week above $190 million, after $227.3 million the prior week. Binance Research said 81% of net inflows came from emerging markets, while nearly 93% of stock-trading users were from those regions. Flows were heavily tilted toward technology. In the same week, tech absorbed $159 million, or 83% of total net inflows, with AI memory and semiconductors leading after Micron’s earnings. On the tokenized side, bStocks, launched on June 11, showed a distinct use case in off-hours U.S. equity trading: 44% of volume occurred outside regular U.S. market hours, and weekend activity averaged about $346,000 per hour. Still, Binance’s market share in tokenized equities remains uncertain as much of the broader on-chain activity appears to be captured by third-party issuers such as Ondo.

SpaceX listed on Nasdaq at $135 per share and raised $75 billion, but crypto platforms’ tokenized IPO access experiment ran into a shortage of underlying share allocations. Bybit, Binance and Bitget Wallet canceled their campaigns and refunded users, while many Kraken users reported receiving only about 4.2786 SPCXx tokens.

SpaceX listed on Nasdaq at $135 per share and raised $75 billion, while crypto platforms’ tokenized IPO access experiment ran into a severe allocation shortfall. Bybit, Binance and Bitget Wallet refunded users, and many Kraken participants reported receiving only about 4.2786 SPCXx tokens.

SpaceX listed on Nasdaq at $135 per share and raised $75 billion, but crypto platforms’ tokenized IPO access products struggled with insufficient xStocks allocations. Bybit, Binance and Bitget Wallet refunded users, while many Kraken participants reportedly received only about 4.2786 SPCXx tokens.

SpaceX listed on Nasdaq at $135 per share under the ticker SPCX and raised $75 billion, but crypto platforms’ tokenized IPO access products ran into severe allocation shortages. Bybit, Binance and Bitget Wallet canceled and refunded users, while many Kraken users reported receiving only about 4.2786 SPCXx tokens regardless of subscription size.

SpaceX listed on Nasdaq at $135 per share and raised $75 billion, but crypto platforms using the xStocks tokenized equity framework faced a severe allocation shortfall. Bybit, Binance and Bitget Wallet canceled campaigns and refunded users, while many Kraken users reportedly received only about 4.2786 SPCXx tokens.