TREE NEWS reports: BNB Chain’s bStocks, issued by BTech Holdings under ADGM FSRA approval, has launched 70 US stock tokens with a combined market value of $687 million, the largest among four chains. Robinhood Chain has issued 194 tokens worth $158 million, Base 10 tokens worth $12 million, while Solana relies on third-party xStocks from Backed, first launched in June 2025 with 60+ US stocks and ETFs.
BNB Chain, Robinhood Chain, Base and Solana US Stock Tokens Compared
The striking detail is the mismatch between token count and value: Robinhood Chain lists far more tickers than BNB Chain yet carries a fraction of the market value, suggesting issuance volume says little about where liquidity actually settles. BNB Chain's lead also rests on a regulated issuance route rather than crypto-native distribution, a different model from Solana's reliance on third-party xStocks. The open question is whether regulated, single-issuer venues keep concentrating value, or whether multi-issuer chains close the gap as tokenized equity offerings multiply.
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