Binance bStocks becomes largest issuer of tokenized Circle stock

Binance’s bStocks platform is now the biggest issuer of tokenized Circle Internet Group stock. It has edged out two rivals that got to this market first. As of October 20, 2026, bStocks held $149.5 million of the $373.3 million in tokenized Circle stock issued across platforms. For a product that has existed for roughly four months, that is a fast climb up the leaderboard. How the Circle token race shakes out The tokenized Circle market has three main players. bStocks leads with its $149.5 million. xStocks sits in second with $102.7 million. Ondo is close behind at $97.3 million. In the 30 days leading into early October, bStocks added $45.4 million in market capitalization from its tokenized Circle exposure alone. What bStocks actually is bStocks launched on June 11, 2026. Its opening lineup included CRCLB, the Circle token, alongside tokenized versions of Micron, Nvidia, SanDisk, and Tesla. Each token is a BEP-20 asset on BNB Smart Chain, and each is backed 1:1 by an underlying share. These tokens trade 24/7, so holders are not stuck waiting for the New York Stock Exchange opening bell. The platform operates under the regulatory framework of Abu Dhabi Global Market. That setup is...