Binance: Leads Tokenized-Equity Spot Volume Share

Binance captured the leading share of tokenized-equity spot volume in early June, posting a high-30s to high-50s percent share across centralized and on-chain venues from June 1-18, according to CoinDesk analysis cited by Richard Teng. The exchange and Backpack each hold actual shares in a brokerage leg before bridging an on-chain token, unlike most competitors that issue only claims. This structure drives the scale difference in flows and directly boosts Binance tokenized equities spot volume market share metrics tracked by traders monitoring the difference between tokenized stock claims versus on-chain share bridging.