Binance’s tokenized stocks top $1.4B, but custody puts rival Ondo first

Binance ’s tokenized stocks have reached about $1.4 billion in value, putting its bStocks ahead of Ondo and xStocks in RWA.xyz’s November 3 dashboard. But the issuer ranking differs from the trading leaderboard: Robinhood and Coinbase led October’s decentralized stock-token activity, while most bStocks remained in Binance wallets that hold assets for customers. Key takeaways bStocks account for roughly 38% of RWA.xyz’s $3.69 billion market. Bitquery located 88% of bStocks in Binance proof-of-reserves wallets. bStocks offer share-price exposure without shareholder voting rights.