Binance’s bStocks platform SPYb token has accumulated approximately $6.3 million in deposits across decentralized finance platforms. This BEP-20 token, which provides 1:1 economic exposure to the SPDR S&P 500 ETF, launched in June 2026 on BNB Smart Chain with fully custodied SPY shares. The platform crossed $100 million in assets under management just 15 days after launch, reaching roughly $624 million by early August 2026. SPYb’s estimated market cap stands between $17 million and $22 million, with DEX liquidity around $6.5 million. The underlying shares are held in custody by BTech Holdings Limited, which issues the bStocks instruments.
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