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Demand for tokenized stocks is not the problem. Information is.
That was the message from Binance’s Richard Teng at TOKEN2049 in Singapore, held October 7-8, 2026. He said appetite for tokenized stocks and private market products is high, but poor information flow is limiting growth in some private markets.
Demand meets a visibility gap
Teng’s comments split the tokenization story into two lanes. Public equities, which come with regular disclosures and price discovery, have a relatively smooth path onto the blockchain.
Private markets are a different animal. Wrapping a private company stake in a token does not magically produce a quarterly earnings report. The token can move around the clock, but the underlying information may still arrive at a much slower pace, or not at all.
Investors can only price what they can evaluate, and Teng framed the information shortfall as the constraint on certain private market products, not a lack of buyers.
Teng also positioned programmable, always-on assets as central to where finance is heading. His pitch: better access and tighter connections across the global marketplace.
The numbers behind the pitch
Binance has a direct stake in this argument. The exchange launched bStocks in June 2026, a product offering tokenized versions of US stocks and ETFs.
Each bStock is backed 1:1 by the underlying equity or fund. The product supports 24/7 trading and integration with decentralized finance (DeFi) applications.
The broader market has grown quickly. Tokenized stocks passed $3 billion in on-chain value by September 2026.
BNB Chain, the blockchain network associated with Binance, held approximately $1 billion of that total. It also counted 1.8 million holders.
In certain Binance stock-referenced products, 47% of trading volume happens outside traditional market hours.
Binance Research’s long-range forecast
Binance Research is openly bullish on the category. Its forecast says tokenized equities could grow to roughly $349 billion by 2030.
The research arm’s model starts from a base of around $4.43 billion. It also points to approximately 390% growth within 2026 alone.
Why tokenization keeps coming back
Tokenization is the process of representing a real-world asset as a token on a blockchain. Products like bStocks pair a familiar asset, such as a US stock, with crypto-native features like continuous trading and DeFi composability.
Composability means a tokenized stock can, in principle, be used inside other on-chain applications, such as lending protocols or trading venues, rather than sitting idle in a brokerage account.
What this means
If information flow is the bottleneck, the next phase of tokenization will be won by whoever solves disclosure, not whoever mints the most tokens. Public equities already have that problem largely handled, which helps explain why tokenized US stocks and ETFs have moved first.
A token that trades 24/7 on an asset that reports infrequently creates room for prices to drift from fundamentals. Investors buying tokenized private market products should ask a simple question: how will I know what this is worth?
BNB Chain’s roughly $1 billion share and 1.8 million holders give Binance an early lead. Concentration cuts both ways, though. A market dominated by one ecosystem is exposed to that ecosystem’s regulatory and operational risks.
The 47% off-hours figure is worth watching as a demand indicator. If that share holds or rises, it strengthens the case that continuous trading is a durable feature rather than a launch-period curiosity.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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