Tokenized Stocks Enter the Options and Derivatives Deep End as Exchanges and Chains Expand
Focus of the Day
Tokenized stocks have officially entered the options and derivatives deep end: Binance listed 1,000+ US equity and ETF options with physical settlement, driving monthly TradFi perpetual volume to $43.3B (15x January in August), while Bybit follows on Sep 17 with stock perpetual continuous options. Meanwhile, Solana’s tokenized-stock supply hit a record high with $60M deposited into on-chain lending protocols, as tokenized equities move from “tradeable” toward “collateralizable” yield-bearing assets.
Industry Wire
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Binance lists physical-settlement options across 1,000+ US stocks/ETFs — offered to eligible non-US users, with orders routed via Abu Dhabi-based Nest Trading to Alpaca Securities for execution, clearing, and custody, delivering underlying shares on exercise.
TradFi perpetual volume soars to $43.3B a month — Binance’s August traditional-finance perpetual volume was about 15x January ($2.95B), with stock perps at $34.29B accounting for roughly 79%.
Bybit launches stock perpetual continuous options on Sep 17 — debuting on SpaceX and Nvidia with USDT cash settlement pegged to stock perps, a second product paradigm alongside Binance’s physical delivery.
Solana tokenized-stock supply hits a record high — $60M of tokenized equities now sits in on-chain lending protocols, led by NVDAx and SPYx, with Jupiter integrating xStocks as Jupiter Lend collateral.
BeInCrypto report: tokenized Treasuries at $15B are the only mature category — across a ~$60B, 12-asset-class market, 97% of value remains closed to US retail, with only ~$1.7B open via 1940 Act structures.
Securitize expands its tokenization framework to public equities — focusing on regulated execution, custody, and market structure, echoing LSE×Payward’s planned 24/7 trading of 100 UK blue-chip xStocks.
Wintermute sees RWA as the next bull-market channel — tokenized assets are expanding at roughly $16B a month, the only capital channel still growing, though still an order of magnitude behind the previous cycle’s leader.
Robinhood Chain RWA daily volume hits a record $390M — on Sep 2 memecoin-stock pairs drove $217M and tokenized stocks $127M; platform RWA market cap crossed $84M with $3.75M in 24h fees.
21 banks jointly announce a US dollar stablecoin — including BofA, Citi, Goldman and UBS, targeting H1 2027 to align with the GENIUS Act’s January 2027 1:1 reserve requirements.
CoinGecko adds tracking for 126+ tokenized ETFs — covering equities, bonds, gold and silver at a combined ~$599M market cap, with Ondo at 52.8-58%, after opening RWA data API endpoints in August.
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