The tokenized stock market has reached $4.8 billion, a new all-time high, with Binance’s bStocks leading the space with over 31% market share.

According to data from Token Terminal, the asset under management (AUM) of the tokenized stock market has hit an all-time high of $4.8 billion, surging over 640% from $645 million at the start of the year, making it the fastest-growing real-world asset (RWA) category in 2026. Binance’s bStocks is currently the largest tokenized stock product in this market, with an AUM of $1.5 billion, accounting for over 31% of the category’s market share. Data from Binance Research shows that in Q3 2026, on-chain transfer volume of tokenized stocks exceeded $100 billion, more than 16 times the $6 billion recorded in Q1. Additionally, trading activity for bStocks is not limited to regular U.S. stock market trading hours, reflecting sustained demand in the market. To date, bStocks has amassed a cumulative trading volume of over $450 billion, with $7.5 billion in value convertible between directly held stock positions and bStocks at a 1:1 ratio.