According to CoinMeta, Binance announced that the user holding amount ($AUM) of its tokenized stock product (bstocks) has exceeded $1 billion, making it the fastest tokenized stock product in the world to cross this threshold. To date, the cumulative trading volume of (bstocks) has surpassed $40 billion, with an average daily trading volume of over $300 million. Nearly 100 underlying assets have been listed, and the 1:1 two-way conversion scale between the directly held real stocks and (bstocks) has reached $6 billion. Binance stated that in addition to supporting 24/7 trading, on-chain settlement, and free transfers between wallets, (bstocks) can also be used as collateral in compliant scenarios. The platform is gradually expanding the integrated applications of tokenized stocks beyond single trading assets to on-chain financial ecosystems such as lending and collateral.