Trust Wallet unveils tokenized U.S. stocks expansion as demand shifts to brokerage-free trading

Leading self-custody crypto wallet, Trust Wallet, has added support for bStocks, tokenized representations of U.S.-listed equities.

Per the company, eligible users can buy, hold, and earn dividends on shares in companies such as Nvidia and Tesla directly from their crypto wallet, with no traditional brokerage account required.

“Stocks are one of the most popular financial assets in the world, and yet for too many people, the barriers to accessing them are still enormous,” said Felix Fan, CEO of Trust Wallet. “bStocks on Trust Wallet is a meaningful step toward removing those barriers, direct access to tokenized U.S. securities, 24/7, self-custodied, and composable across DeFi.”

From day one, users can deploy their bStocks across BNB Chain’s DeFi ecosystem, lending on Venus and Lista DAO, trading on PancakeSwap and Aster, while continuing to earn dividends on the underlying security. No KYC is required, consistent with Trust Wallet’s self-custodial model.

What are bStocks and how do they work?

bStocks are standard BEP-20 tokens on BNB Chain, issued by BTech Holdings Limited, a Binance group affiliate registered in Abu Dhabi’s ADGM financial center.

Tesla, Circle Internet Group, Micron Technology, SanDisk, and Nvidia are the five U.S. securities available at launch. SpaceX is planned as a future addition pending its Nasdaq listing.

Users swap into bStocks using USDT and gain economic exposure to the respective share, price movements, dividends, and stock splits, all processed automatically with no action required by the holder. However, bStocks do not confer direct share ownership.

In its statement, Trust Wallet put out the disclaimer that “bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company.”

Trust Wallet expands to meet growing demand for tokenized equities  

The market value of tokenized equities rose to $963 million as of January 2026, a year-on-year increase of nearly 2,900% from just $32 million a year earlier.

By the close of the first quarter of 2026, tokenized stocks had crossed the $1 billion mark, with total on-chain real-world asset value exceeding $10 billion.

Spot trading in tokenized stocks totaled $15.1 billion in Q1 2026 alone, overtaking the $14.8 billion traded across the entirety of the second half of 2025.

Regulatory direction is also emerging; however, it still remains unsettled. The SEC issued a joint statement in January 2026 confirming that existing federal securities laws apply to tokenized securities regardless of whether ownership is recorded on-chain or off-chain.

SEC Chairman Paul Atkins and Commissioner Hester Peirce have since outlined an “innovation exemption” roadmap, which is seen as a pragmatic path forward for tokenized securities in U.S. markets.

That framework, if it materializes, could clarify the legal status of products like bStocks for the platforms offering them and the retail investors holding them.

However, Trust Wallet has tried to minimize its exposure to scrutiny from regulators in the U.S., the United Kingdom, or the European Union, as bStocks are not available for purchase or sale in those regions.