Tokenized stock holders more than doubled last month to 1.31 million. Transfer volume surged 179% to $23.13 billion.
Binance's bStocks, launched in June, drove most of this growth. It’s already within $36 million of Kraken's xStocks in distributed value. The push into private-market pre-IPO products, especially SpaceX, fueled the rise.
Our read: this is how retail accesses private equity. It's a major shift. Binance, Bybit, and Bitget canceled pre-IPO SpaceX allocations because they couldn't secure enough shares. Yet, bStocks for SpaceX still grew to $67.9 million. Demand for tokenized private assets is real, even when underlying share supply is tight.
Would you buy pre-IPO tokens if the exchange couldn't guarantee the underlying shares?
$BTC
Binance's bStocks, launched in June, drove most of this growth. It’s already within $36 million of Kraken's xStocks in distributed value. The push into private-market pre-IPO products, especially SpaceX, fueled the rise.
Our read: this is how retail accesses private equity. It's a major shift. Binance, Bybit, and Bitget canceled pre-IPO SpaceX allocations because they couldn't secure enough shares. Yet, bStocks for SpaceX still grew to $67.9 million. Demand for tokenized private assets is real, even when underlying share supply is tight.
Would you buy pre-IPO tokens if the exchange couldn't guarantee the underlying shares?
$BTC
