SPCXONondo
Too thinPrice on BNB Chain
No price
no pool
The shift
The stock market is moving onchain.
709 stocks and ETFs now trade as tokens on BNB Chain, around the clock. More than $5.2B has changed hands. Five issuers are minting them.
BNB Chain2026.6.26
BNB Street is Open 24/7: Access 709+ Tokenized Stocks of the World’s Largest Companies
709+ tokenized stocks and ETFs, $5B+ in cumulative volume and $1B+ in total market cap, trading around the clock.
BNB Chain BlogRead the article
Bitcoin.com News29 June 2026
BNB Chain Tops $5.2 Billion in Tokenized Stock Trading, Overtaking Solana
BNB Chain says cumulative tokenized stock trading volume has surpassed $5.2 billion, putting it ahead of rival networks including Solana.
Emmanuel MusaRead the article
“Multiple tokenized stock versions of the same company give users more choice over where and how they access an asset.”
709 stocks. 73 of them exist more than once.
The problem
One stock, listed three times
Different issuers create different tokens for the same company. Each version has its own contract, price, liquidity and dividend rules.
SPCXB
bStocks
Price right now
$149.04
$5.4M standing behind it
The contract stores a number that scales what your tokens are worth. Your token count never changes.
SPCXON
Ondo
Price right now
No price
no pool
Dividends are rolled into the token's price by the issuer. Nothing about it is visible on the blockchain.
SPCXX
xStocks
Price right now
No price
no pool
When the company pays a dividend, you end up holding more tokens. The price of one token keeps tracking the share price.
Most platforms list them as interchangeable.Buy the wrong one and you own the wrong thing.
The price is not the market
A price is useless if you cannot trade it.
One market may have millions behind it. Another a few hundred. Most price sites draw them exactly the same way.
1 of 3 actually trade
- SPCXBbStocks$149.04$5.4MTradeable
- SPCXONOndono price$0No real price
- SPCXXxStocksno price$0No real price
Same company, same moment, 3 different answers, and only one you could act on. TAPE resolves them to $149.04 by weighting each price by the money standing behind it.
A price without liquidity is a rumour with a decimal point. TAPE checks the money behind every quote before it publishes one, which is why 50 of 73 companies here have no price at all.
The one asset
Many tokens in.One asset out.
An asset is only tradeable if three things about it are settled. These are those three things, and nobody else publishes them.
- 01
Identity
Which company is this?
SPCXB, SPCXon and SPCXx are all SpaceX. TAPE connects every ticker and contract back to the company behind it. Nobody else publishes that map.
- 73 companies mapped
- 165 tokens resolved
- 02
Price
What is it really worth?
TAPE checks the money behind every market. No real money means no quoted price, instead of a number that looks confident.
- Weighted by the money behind it
- No price when it cannot be traded
- 03
Changes
What just happened?
When a dividend or a split lands on chain, TAPE catches it, names it and shows the proof, so nobody has to guess.
- Named and timestamped on 45 companies so far
- Published through the API
One identity. One price. One set of rules.That is the thing you trade.
For traders
Trade the stock. Not the wrong token.
Search a company. See every version of it onchain. Compare the money behind each market and find the one you can actually enter and leave.
Below, SpaceX. The gold line is the only one you could trade. The dashed line stands on a few hundred dollars, and every price site draws both identically.
No wallet. No sign-up.
For agents
Agents will trade far more than we do.They cannot trade a guess.
A person can open five tabs and work out which token is really NVIDIA. Software moving money cannot. It needs one asset, stated exactly, and an interface built to trade it.
Four facts, resolved and published: which company, what it is worth, what changed, and whether the market is safe to act on. Enough to price a trade, and soon enough to place one.
People will trade in the terminal.Agents will trade through the API.
No key, no sign-up. Read the API docs.
For builders
Then launch somethingon top of it.
Most launchpads price your project against a stablecoin. The TAPE Terminal Launchpad lets it pair against a real market instead: NVDA, SPCX, AAPL, TSLA or BTC.
- The base pair is a companyPair against NVDA and the chart is priced in NVIDIA, not in a dollar.
- Fees accrue in the base assetA treasury that fills with the market you chose rather than with your own supply.
- Paired, not backedThe new token is not a claim on the stock. It is quoted against it, and the page says so.
See the launchpadAnnounced. Not live yet.
Why this gets bigger
More issuers make TAPE more necessary.
TAPE does not need one issuer to win.
Every new issuer adds another contract, another price and another set of rules to the same company. The market gets bigger. The need for one shared answer gets stronger.
73 companies on BNB Chain already exist more than once. Not one of them has a published answer that anybody agrees on.
We are not another issuer. We are the layer that makes every issuer readable.
Market context
On stocks
On payments
TAPE is the layer where those two sentences meet.
Quoted as public market commentary, with no affiliation with or endorsement by Binance or its founders.
Where this goes
Read it first. Trade it last.
Today TAPE reads the market and publishes what is true. The end of this road is buying and selling the real stock through it, by people and by agents. No date on that yet.
Only the first step is built. Every step after it needs the one before it.
Phase 00
The Tape
Map every stock token, check every market and publish the usable prices. Free to read.
Live nowbuilt, running, free to readOpen the terminal →Phase 01
The Canonical Asset
One stock asset that can route across different issuers and markets.
Plannedbuilds on 00Read the plan →Phase 02
Collateral Grade
A position lenders can verify, price and accept as collateral.
Plannedbuilds on 01Read the plan →Phase 03
The Dividend Layer
Separate the stock from its income. Hold one, trade the other.
Plannedbuilds on 02Read the plan →Phase 04
Execution
Buy and sell the real stock through TAPE. People in the terminal, agents through the API, both settling against one price.
Plannedbuilds on 03Read the plan →
One company. One asset.One price you can trade.
The board is live and free to read today. Execution is next.No wallet. No sign-up. Nothing to connect.
$1.9B liquidity tracked · $1.2B traded in 24h