Global tokenized stock market capitalization rose from $700 million in early January to more than $3 billion by the end of September, according to Binance Research on Oct. 1. Tokenized stocks now represent about 8% of the on-chain real-world asset (RWA) market, which consists of blockchain-based representations of traditional assets. Trading activity also accelerated: on-chain transfer volume surpassed $100 billion in the third quarter, up more than 16 times from roughly $6 billion in the first quarter. BNB Chain was the most actively traded blockchain for tokenized stocks. It had about 1.8 million tokenized stock investors as of September, representing roughly 45% of the global total, while its market share was about 34%.