Overview
- Binance disclosed Wednesday that bStocks surpassed $500 million in assets under management seven weeks after the product launched on June 11.
- The tokenized instruments expanded from five listings at launch to more than 46 tickers, including Apple, Amazon and the VanEck Semiconductor ETF, and trade 24/7.
- Binance reports that 41.5% of bStocks users were new to traditional investing and that Gen Z accounts for 44% of bStocks activity, with $2 billion traded during a recent weekend.
- bStocks are issued by BTech Holdings Ltd under an ADGM FSRA-approved prospectus and are structured as one-to-one backed certificates that give holders an interest in underlying U.S. securities rather than direct share ownership.
- Binance frames bStocks as part of a wider ‘super app’ push that links tokenized assets, brokerage and payments, a strategy that follows its 2021 stock-token exit and could raise fresh regulatory scrutiny as usage grows.