Tokenized equities have become the fastest-growing real-world asset category of 2026, with total assets under management reaching a record $4.9 billion, according to Token Terminal. The figure is up more than 640% from $645 million at the start of the year.
Binance’s bStocks leads the market with $1.5 billion in AUM, accounting for about 31% of total tokenized equity assets, the data showed.
Onchain activity rises
Transfers of tokenized stocks surpassed $100 billion in the third quarter, compared with $6 billion in the first quarter, according to Binance Research.
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. The tokens are redeemable for the underlying securities rather than their cash equivalent, according to the report.
Trading outside market hours
Trading and collateral data indicate the products are being used for more than simple exposure to traditional equities. Approximately 56% of bStocks trading volume 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 rose more than eightfold, reaching 46.2% by Sept. 10 from 5.5% at the end of June.
