
Binance bStocks hit $500M AUM in seven weeks. 58% of equity volume comes after U.S. close. Gen Z drives 44% of trades. Next test: sustained liquidity.
Binance said bStocks crossed $500 million in assets under management on July 28. Seven weeks earlier, the product launched with $5.6 million across five tickers. It now covers more than 46 stocks.
Twenty-four-hour access drove the growth. After U.S. markets close, bStocks accounts for 58% of Binance's equity-linked volume. Weekend trading hit $2 billion in the latest reported period, the company said. Users can convert bStocks into the underlying direct stocks and back again without fees, making the structure a continuous bridge between tokenized and traditional exposure.
New users are entering TradFi through the product. Binance said 41.5% of bStocks users started their traditional-finance activity on the platform via tokenized securities. Gen Z generated 44% of all bStocks trades.
The certificates represent financial instruments, not direct ownership of the underlying shares. They are available only to eligible users in permitted jurisdictions.
Sustained liquidity across a wider roster of tickers will be the next test for launch-driven adoption.
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