BNB Chain Becomes First Blockchain to Pass $1 Billion in Tokenized Stocks and ETFs

BNB Chain has become the first blockchain to top $1 billion in tokenized stocks and exchange traded funds. Its sector market cap stands at $1.1 billion, roughly 30% of the wider $3.7 billion market. Ethereum follows with $828 million, or 22%, and Solana holds $738 million, or 20%. The overall market grew about 17% in September to $3.35 billion, up from $2.87 billion in August.

Tokenized Stock Holders on BNB Chain

BNB Chain also leads in users, with 1.8 million addresses holding tokenized stocks, or 45% of the total, according to a report released Tuesday. Products on the network include Binance bStocks and Ondo Global Markets tokenized securities.

Tokenized Stocks Growth Since January

The sector has grown more than fivefold from $719 million in January. Back then, Ethereum controlled about 48% of the market and Solana 31%, while BNB Chain held just 13%. Its climb to the top shows how quickly share has shifted among networks in a single year.