@andrewmoh @bstocksfinance @tether @Ondo Retention after the campaigns end is the right question. Holders who stay for 24/7 access and start using the tokens as collateral are the signal that lasts. Reply to @andrewmoh: the momentum on bstocks is hard to ignore. 4 months after launch, bstocks crossed $1b in aum. no tokenized equity product has reached that mark faster. it also leads every major rwa platform on 30d net flow: + @bstocksfinance: $549m + @tether: $453m + @ondo: $292m + @spiko_finance: $121m + @maplefinance: $86m ➜ a 4-month-old equity product is out-pulling treasury, gold and credit platforms that have been live for years. binance distribution obviously did a lot of the work here. no point pretending otherwise. the more interesting part is how it grew. one flagship product pulled in both capital and holders from two different groups: binance alpha users on bnb chain, already used to farming campaigns wallet users who wanted stock exposure with 24/7 access, without leaving binance the trading campaigns on tokenized stocks followed the same playbook as earlier alpha campaigns, and it worked again. the question now is how much of this aum stays once the campaigns end.