Tokenisation: BNB Chain Surpasses Solana on Stocks
The battle for dominance in real asset tokenisation intensifies day by day. While Solana seemed untouchable thanks to its speed and minimal fees, its historical rival orchestrated a brilliant turnaround. By asserting itself in the segment of traditional company stocks transferred onto the blockchain, BNB Chain is completely reshuffling the DeFi cards. For some crypto analysts, this is just the beginning!
In brief
- BNB Chain officially surpasses Solana in total volume of tokenized stock transactions.
- More than 709 available assets: US stocks, ETFs and pre-IPO positions
- Tokenisation establishes itself as a major new competition axis between blockchains.
The explosive growth of RWAs on BNB Chain
The Binance blockchain announced it has crossed the $5.2 billion mark in cumulative volume of tokenized stocks. It thus surpasses Solana which shows about $4.5 billion. The market capitalization of tokenized stocks and ETFs on BNB Chain also now exceeds one billion dollars. The data report over 709 assets available on the ecosystem.
- Ondo Global Markets dominates the chart. It alone represents $5.12 billion of Ondo’s $6 billion cumulative DEX volume, with more than 430 tokenized stocks and ETFs.
- bStocks offers BEP-20 tokens backed 1:1 by real US stocks held by a regulated custodian.
- Recently launched, xStocks already covers more than 50 US stocks with over 100 additional titles planned.
According to experts, this massive acceleration of BNB Chain is largely explained by the deployment of key institutional infrastructures and strategic partnerships. This allows trading of Tech giants (such as Tesla or Apple) 24/7.
Another asset of BNB Chain in the tokenisation market: the diversity of its offer. Users do not access a single issuer, but multiple competing platforms. These offer their own versions of the same underlying asset.
The next frontier? The private tokenisation market
Colb Finance has deployed over $60 million in pre-IPO tokenized positions on BNB Chain. It targets companies in the AI, space, and fintech sectors. Paimon Finance provides in turn tokenized exposure to SpaceX, Anthropic, and OpenAI.
That’s not all! On June 23, the only tokenized positions on SpaceX generated $6.5 million in volume in a single day.
BNB Chain’s value proposition rests on three points:
- 24/7 trading
- fees under 1 cent per transaction
- finality in 650 milliseconds
In any case, BNB Chain’s current performance confirms that the blockchain battle is no longer limited to the crypto’s historical usages. As tokenisation gains ground, infrastructures able to attract issuers and investors could play a decisive role in the next phase of sector development. It remains to be seen if BNB Chain will keep this lead!
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.