Binance launched bStocks on June 11 to give investors exposure to US stocks through blockchain-based tokens without directly owning the underlying shares. bStocks have overtaken xStocks to become the second-largest tokenized stock issuer by value. Changpeng Zhao, Binance’s co-founder and former CEO, attributed this rapid growth to the platform’s user base. Meanwhile, Ondo has shifted from its layer-1 blockchain plan to an offchain execution network.
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