BNB Chain Tops $5.2 Billion in Tokenized Stock Trading, Overtaking Solana

BNB Chain has become the leading network for tokenized equity trading by cumulative volume, surpassing $5.2 billion. This figure puts it ahead of Solana, which recorded approximately $4.5 billion in tokenized stock trading volume, even after a recent surge in SpaceX-related activity on Solana. The market capitalization for tokenized stocks and exchange-traded funds (ETFs) on BNB Chain has exceeded $1 billion, with over 709 assets available across the ecosystem.

The growth reflects a broader shift in real-world assets (RWA) on BNB Chain. The network now holds nearly $4 billion in distributed RWA value, and the number of RWA holders has increased by 55.65% over the past month. Its stablecoin market cap stands at about $18 billion, supported by 76 million holders.

A key feature of BNB Chain’s tokenized stock market is its multi-issuer model. Unlike some networks where a single provider dominates, BNB Chain allows users to choose between different issuers offering the same underlying asset, each with its own structure, liquidity, and DeFi integrations. The issuer base includes bStocks, Ondo Global Markets, xStocks, Colb Finance, and Paimon Finance. Together, they cover U.S. stocks, ETFs, and pre-IPO assets.

Ondo Global Markets is a major driver of activity. BNB Chain accounts for $5.12 billion of Ondo’s $6 billion in cumulative decentralized exchange (DEX) volume. Ondo offers over 430 tokenized stocks and ETFs on BNB Chain, structured as total return trackers that reflect reinvested dividends. bStocks provides BEP-20 tokens backed 1:1 by real U.S. shares held with a regulated custodian, with proof-of-collateral tools for verification. These tokens are tradable on Pancakeswap, Trust Wallet, and Aster. xStocks launched on BNB Chain in April 2026 with over 50 U.S. equities and ETFs, with plans for more than 100 additional assets.

Tokenized pre-IPO exposure is expanding as well. Colb Finance has deployed over $60 million in tokenized pre-IPO positions on BNB Chain, covering companies in AI, space, and fintech. Paimon Finance offers tokenized exposure to firms such as SpaceX, Anthropic, and OpenAI, alongside its Paimon Prime private credit vault that provides daily liquidity and yield exposure.

SpaceX equity has become a notable example of the multi-issuer model. Tokenized versions of SpaceX stock on BNB Chain generated $6.5 million in trading volume on June 23 alone, with exposure available through bStocks, Ondo, and xStocks.

BNB Chain’s infrastructure supports 24/7 trading with transaction costs below $0.01 and finality in approximately 650 milliseconds. According to the network, these features are helping turn tokenized equities into an active onchain market.

Source: https://news.bitcoin.com/bnb-chain-tops-5-2-billion-in-tokenized-stock-trading-overtaking-solana/