BStocks, Binance’s tokenized equities arm, now controls 85% of total tokenized equity volume on decentralized exchanges. Monthly on-chain volume reached approximately $9.4 billion in July, up from $2.9 billion in June. This success is driven almost entirely by a single product, QQQB, a token tracking the Invesco QQQ ETF, which generated roughly $9.27 billion in trading volume alone. BStocks crossed the $500 million assets under management threshold within seven weeks, representing approximately 27% of the entire global tokenized equity market cap. Growth was fueled by zero maker fees through August and a VIP trader bonus program, with a significant portion of trading occurring outside traditional US market hours.
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