Trading in the tokenized stock offering was heavily concentrated in the Nasdaq-100 ETF proxy QQQ, while assets under management climbed to about $680 million, above xStocks' roughly $597 million.
Binance's tokenized stock products, known as bStocks, posted a record $6.123 billion in weekly trading volume, Dune data showed. Activity was overwhelmingly concentrated in QQQ, the stock token tied to the Nasdaq-100 ETF, which accounted for an average of 99% of total volume. Daily turnover has also accelerated sharply since mid-July, rising from the hundreds of millions of dollars to the billion-dollar range. Assets under management, or AUM (total assets held), reached about $680 million, putting bStocks ahead of xStocks at roughly $597 million.