bStock Hits $100M AUM; Binance Co-Founder Reaffirms Trust

Binance's tokenized stock platform bStock passed $100 million in assets under management within two weeks of its launch, the company said. The milestone came as Binance co-founder Yi He published a statement defending the exchange against criticism over its operations.

bStock issues tokenized versions of equities on Binance Smart Chain, letting holders trade fractional shares and use the tokens in decentralized finance protocols. Binance said the platform currently supports more than 7,000 stocks and ETFs. Tokens can be transferred, deployed in liquidity pools, or held for dividends.

Yi He's post, shared on social media, argued that Binance remains focused on user service and product improvement. The statement followed a viral post that praised Binance as the only platform offering beneficial ownership and on-chain composability at scale. Yi He used the attention to address broader criticism. She pointed to the exchange's nine-year track record and said Binance does not manipulate public sentiment for gain. “Users and employees should not be viewed as tools for influence or profit,” she wrote, according to the post.

The backlash Yi He responded to follows months of regulatory pressure in multiple jurisdictions. Some users and regulators have raised questions about Binance's asset controls and its custody practices. Binance has said it cooperates with regulators and operates under local frameworks. The exchange also faces a lawsuit from the US Securities and Exchange Commission, which it is contesting.

bStock's $100 million figure in two weeks offers a data point on demand for on-chain equity. The broader tokenized securities market saw $565 million in volume on decentralized exchanges, according to previous AlphaScala coverage. Binance said bStock plans to expand its offering, though it did not provide a timeline. Yi He's post reaffirmed the exchange's commitment to innovation and user trust.