Binance, Robinhood and Coinbase tokenized stocks reach $1.7B combined

The combined market cap of tokenized stocks issued by Binance's bStocks, Robinhood and Coinbase has hit $1.7 billion, Cointelegraph reported. That's the total across three of the biggest names in the space, all now fighting for a slice of the same trade.

Binance's bStocks are doing most of the work. The product line alone carries a $1.4 billion market cap, leaving Robinhood and Coinbase to split what remains of the $1.7 billion pot. Binance isn't just leading the pack — it's lapping it.

The three issuers aren't chasing the same customers in the same way. Binance pushes bStocks through its crypto-native exchange audience, while Robinhood and Coinbase come at tokenized equities from brokerages with millions of retail accounts already onboard.

Tokenized stocks promise the same underlying exposure as a regular share, wrapped for blockchain rails and tradable on crypto venues. With a combined figure now parked at $1.7 billion, the category has moved from curiosity to a measurable line item.

The next question is momentum. Binance holds the biggest position, so any slippage there hits the headline number hardest — and any fresh push from Robinhood or Coinbase would be the fastest way to move the total beyond $1.7 billion.