Binance’s tokenized stock product, bStocks, has crossed $1 billion in assets under management. For a product that launched on June 11, 2026, that’s a remarkably fast ascent.

Here’s the thing: this isn’t Binance’s first attempt at tokenized stocks. The exchange briefly offered stock tokens back in 2021 before regulatory pressure forced a retreat.

From $5.6 million to $1 billion

The growth curve on bStocks has been borderline absurd. On day one, holdings sat at $5.6 million. By June 26, barely two weeks after launch, that number had already surpassed $100 million. Within roughly one week, AUM ballooned to $400 million.

Trading activity has been equally aggressive. Cumulative trading volume hit $458 million in the first few weeks, and within just nine days of the US equities launch, trade turnover exceeded $1 billion. Binance’s monthly TradFi volumes have been running above $80 billion since March 2026.