画像を読み込み中Tokenized ETF market cap grows fastest on BNB Chain over 30 days

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BNB Chain posted the biggest monthly gain in tokenized ETF value while Ethereum posted the steepest decline

Mon 9 Nov 2026 · 05:35 EST · 3 min read

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Over the past 30 days, tokenized ETF market capitalization grew more on BNB Chain than on any other network. Over the same stretch, it fell more on Ethereum than anywhere else.

Ethereum still holds the biggest pile of tokenized ETFs. But the momentum is moving in the opposite direction, and that kind of shift tends to show up in the data before it shows up in the rankings.

Where the tokenized ETF money is sitting

A tokenized ETF is a share of a traditional exchange-traded fund that is represented as a digital token on a blockchain.

As of mid-October 2026, the tokenized ETF market’s capitalization was estimated at between $611 million and $686 million. That is the narrow slice of funds only, not individual stocks.

Within that slice, Ethereum held about $303 million, or 44%. BNB Chain held roughly $192 million, or 28%.

Zoom out to the broader category of tokenized stocks and ETFs combined, and the numbers get larger. That market reached approximately $3.7 billion to $4 billion by mid-to-late October 2026.

That figure represents more than fivefold growth since January 2026, when the category stood at about $719 million.

How BNB Chain built its position

Data tracked by Token Terminal and reported by Binance Research shows the network recorded the strongest growth spurt in the sector this year.

Tokenized equities on BNB Chain reached $1.5 billion by mid-October 2026. The chain also pulled ahead of rivals Stellar and Solana in tokenized fund growth over the past year.

Its share of the overall tokenized stocks and ETFs market climbed from around 13% early in the year to between 30% and 42% by autumn.

Two issuers are doing much of the work. Binance’s bStocks product and Ondo Global Markets are both active on BNB Chain.

bStocks alone passed $1 billion in assets under management by mid-October 2026.

Roughly 1.8 million addresses on BNB Chain hold tokenized stocks, about 45% of the total tracked market.

Decentralized exchanges on BNB Chain handled $25.6 billion in volume during the third quarter of 2026.

Why the tokenization race matters

Platforms like Binance and Ondo have ramped up issuance this year. That has drawn growing institutional interest in the broader real-world asset space.

The regulatory picture is less tidy. Rules differ widely by jurisdiction, and access is particularly complicated for US investors.

What this means for Ethereum, BNB Chain and issuers

The 30-day split between BNB Chain and Ethereum is the most interesting signal here. Ethereum still holds the largest share of tokenized ETFs, but it posted the biggest monthly decline.

For BNB Chain, the concentration among issuers is worth watching. With bStocks above $1 billion in assets under management, a large share of the chain’s tokenized activity ties back to Binance’s own product.

For issuers like Ondo Global Markets, the data offers a practical takeaway. Distribution follows users, and BNB Chain currently counts about 1.8 million addresses holding tokenized stocks.

Does BNB Chain’s share of tokenized ETFs, at roughly 28% in mid-October, close the distance to Ethereum’s 44%? And does third-quarter DEX volume of $25.6 billion hold up as the market matures?

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.