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BNB Chain’s tokenized stock trading volume reached $25.6 billion in the third quarter, up about 11-fold from $2.4 billion in the previous quarter, according to Bitcoin.com.
The figure was well above Robinhood Chain’s $10.2 billion and Solana’s $6.4 billion. Bitcoin.com said the increase was driven by bStocks, a tokenized stock platform launched in June. QQQB, a tokenized product tied to the Invesco QQQ ETF tracking the Nasdaq-100 Index, accounted for about 80% of bStocks volume.
Tokenized stock supply on BNB Chain also expanded. Supply stood at $1.13 billion at the end of the third quarter, about double from $560 million at the end of the previous quarter, representing about 39% of total tokenized stock supply across blockchains. The number of tokenized stock holders was estimated at about 1.8 million.