Key Takeaways:
Binance has overtaken early issuers in the tokenized stock market, adding $300 million in capital over the past 30 days.
Binance-issued tokenized stocks grew by $300 million in the past 30 days, outpacing Securitize and Robinhood as the global market cap for the asset class hit a record $2.3 billion.
"Tokenization is reshaping access to global markets, and regulated infrastructure built for this shift is seeing surging demand," Yoshi Yokokawa, co-founder and chief executive officer of Alpaca, said.
The $300 million inflow topped Securitize's $179 million, xStocks' $33 million and Robinhood's $13 million, Token Terminal data show. SanDisk stock led the gainers at $59.4 million, followed by Micron at $58.7 million, SpaceX at $46.3 million and Circle at $42.7 million. Ondo Finance, meanwhile, saw $78 million in outflows.
The milestone reinforces Binance's push into real-world assets as tokenized Hong Kong equities went live on BNB Chain through Stove Protocol. BNB traded at $570, up 1.21%, consolidating between $560 and $580 for most of July.
Tokenized stocks now among top traded assets on Binance Futures
The five most active tokenized stocks on Binance Futures — SanDisk, SOXL, Micron, SK Hynix and SpaceX — generated a combined $10.76 billion in daily volume, trailing only Bitcoin at $8.83 billion and Ethereum at $6.16 billion, CoinGlass data show. Total daily futures volume across all 742 pairs stood at $41.08 billion, roughly half the year-to-date high of $89.82 billion, suggesting the tokenized products have room to scale.
Alpaca, which provides brokerage, clearing and custody infrastructure for Binance's stock trading product, raised $135 million in equity and as much as $300 million in debt financing from Kraken parent Payward and BMO, the firm said Thursday. The global market capitalization of tokenized stocks reached a record $2.3 billion, according to Token Terminal.
For BNB, the $580 level represents the next hurdle. The token has oscillated between $560 and $580 throughout July, and a break above resistance could open a path toward $600. A failure to hold $560 may trigger a retest of the $540 support zone.
This article is for informational purposes only and does not constitute investment advice.
