Kett: “BSC is going to win RWA. Binance’s closed loop is the real moat for bStocks.…”

Kett @kett1 · 2026-09-28

BSC is going to win RWA.

Binance’s closed loop is the real moat for bStocks.

Once a stock is a BEP-20, you can pull it to a wallet, trade it on PancakeSwap, post it as collateral on Venus or Lista, and use it as margin on Binance.

The data makes the gap obvious. Capital is more concentrated per name on bStocks: 77 tickers at $9.8M each. Ondo has 400+ names at ~$2.2M each. xStocks has even more listings, but the AUM is spread much thinner.

Belief return

−17.09% since launch

At launch

• BNB 50%
• BNCB 15%
• CAKE 20%
• 4Stock 15%