Binance’s Richard Teng says tokenized stock demand is strong, but information flow lags
RWA Signal Insight
StocksAt TOKEN2049 in Singapore, Binance CEO Richard Teng identified poor information flow as the primary barrier to scaling tokenized private market products. While public equities benefit from established disclosure frameworks, private assets lack the transparency required for effective price discovery on-chain. Binance, which launched its bStocks product in June 2026, views programmable, 24/7 assets as the future of global finance. As of September 2026, the broader tokenized stock market surpassed $3 billion in value, with BNB Chain accounting for approximately $1 billion of that total. Binance Research projects that the tokenized equity sector could expand to $349 billion by 2030, driven by 390% growth throughout 2026. Currently, 47% of trading volume for Binance’s stock-referenced products occurs outside traditional market hours, signaling strong demand for continuous liquidity. Ultimately, Teng argues that the next phase of RWA adoption will be determined by solving data disclosure challenges rather than simply increasing token issuance. This highlights a critical tension between the speed of blockchain-based trading and the slower, manual nature of traditional financial reporting.
Key points
- Binance CEO Richard Teng identified information asymmetry as the main bottleneck for private market tokenization.
- Tokenized stocks reached $3 billion in total on-chain value as of September 2026.
- BNB Chain holds $1 billion in tokenized stock value with 1.8 million active holders.
- Binance Research forecasts the tokenized equity market could reach $349 billion by 2030.
Background
Tokenization involves creating digital representations of real-world assets on a blockchain, allowing them to be traded with the speed and composability of crypto-native tokens. Products like bStocks typically use a 1:1 backing mechanism where the underlying asset is held in custody while the token circulates on-chain. This structure enables 24/7 trading and integration into decentralized finance (DeFi) protocols, which would otherwise be impossible with traditional brokerage accounts.