Binance: bStocks Reach $1B AUM in Four Months
Binance CEO Richard Teng reported bStocks assets under management climbing from zero to over $1 billion in four months as users actively convert and trade tokenized stocks with 1:1 convertibility.
SourceAnalysis
Binance CEO Richard Teng stated that bStocks grew from $0 to over $1 billion in assets under management in four months. Users converted more than $6 billion between bStocks and underlying stocks using 1:1 convertibility and zero fees, showing demand for tokenized equities that trade beyond standard market hours.
Richard Teng
@_RichardTengRichard Teng is Binance CEO