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Tokenized equities have become the fastest-growing real-world asset category of 2026, with total assets under management climbing to a record $4.9 billion, according to Token Terminal.
The figure represents an increase of more than 640% from $645 million at the beginning of the year. Binance’s bStocks leads the market with $1.5 billion in AUM, accounting for about 31% of total tokenized equity assets.
Since its June 11 launch, bStocks has accumulated more than $45 billion in trading volume and reached $1 billion in AUM in mid-October, roughly four months after launch. Binance also reported $7.5 billion in conversions between direct stock positions and bStocks at 1:1 parity, with tokens redeemable for the underlying securities rather than their cash equivalent.
Trading and collateral data suggest investors are using the products beyond simply gaining exposure to traditional equities. Approximately 56% of bStocks trading volume has occurred outside regular US market hours.
Its DeFi utilization rate reached 11.2% in early October, around 3.8 percentage points higher than comparable tokenized equities. Borrowing against bStocks deposited as collateral also rose more than eightfold, reaching 46.2% by Sept. 10 from 5.5% at the end of June.
