#StoveProtocol

Binance gains $300M in tokenized stocks

Binance has emerged as a dominant force in the tokenized stock market, recording over $300 million in capital inflows over the past 30 days. This growth significantly outpaces competitors like Securitize, xStocks, and Robinhood, which added $179 million, $33 million, and $13 million respectively. The surge is driven by seven key assets, with SanDisk, Micron, SpaceX, and Circle leading the capital accumulation. While Ondo Finance-based stocks experienced $78 million in outflows, the overall volume of tokenized equities on Binance remains robust, bolstered by the integration of Hong Kong equities via Stove Protocol. Tokenized stocks like SNDK and SOXL now rank among the most traded assets on Binance Futures, trailing only Bitcoin and Ethereum in daily volume. This trend highlights a shift where traditional equities are becoming essential liquidity drivers for major crypto exchanges. As these assets gain traction, the increased activity on the BNB Chain provides a potential catalyst for the long-term price stability and growth of the native BNB token.

AMBCrypto·7h ago