Demand is not the obstacle for tokenized stocks — information is, according to Binance CEO Richard Teng, speaking at TOKEN2049, a major crypto industry conference, held in Singapore October 7-8, 2026.

Teng said appetite for tokenized stocks and private market products remains high, but poor information flow is limiting growth in some private markets.

Demand Meets a Visibility Gap

Teng's remarks split the tokenization story into two lanes. Public equities, which come with regular disclosures and established price discovery, have a relatively smooth path onto the blockchain.

Private markets are a different animal. Wrapping a stake in a private company inside a token does not magically produce a quarterly earnings report. The token can trade around the clock, but the underlying information may still arrive at a far slower pace — or not at all.

Investors can only price what they can evaluate, and Teng framed the information shortfall, not a lack of buyers, as the constraint on certain private market products.

He also positioned programmable, always-on assets as central to where finance is heading, with a pitch centered on 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, and the product supports 24/7 trading along with integration into 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 and counted 1.8 million holders.

In certain Binance stock-referenced products, 47% of trading volume takes place outside traditional market hours — a stretch when the underlying shares are not trading on conventional exchanges.

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 — more than 100 times the market's size as of September 2026.

The research arm's model starts from a base of around $4.43 billion and 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 by whoever mints the most tokens. Public equities have largely handled that problem already, which helps explain why tokenized US stocks and ETFs 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 face a simple question: how will they know what the asset 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. The deeper marker to watch is whether disclosure standards for tokenized private market products take shape — and who sets them — since Teng's own framing puts information, not demand, at the center of the category's growth constraint.