> For the complete documentation index, see [llms.txt](https://docs.native.org/native-dev/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.native.org/native-dev/products/native-liquidity-provisioning/tokenized-stocks-and-equities-rwas.md).

# Tokenized Stocks & Equities (RWAs)

### Performance & Advantages

* **24/7 Trading:** Breaking the time constraints of Traditional Finance (TradFi), providing continuous on-chain liquidity and price discovery even during off-hours.
* **Advanced Depth & Spreads:** With orderbook infrastructure and PMMs, Native provides highly competitive depth and tight spreads on par with top-tier CEXs. Traders can execute large-size orders with greater certainty, without worrying about severe slippage.
* **Earning Sustainable Yields for RWA:** Earn yields while providing liquidity, especially for top-traded assets. This effectively lowering the overall cost of liquidity provisioning. The yield feature can also be an offering for asset holders and users, further increase utility, retention, and liquidity.

### Case Study: bStocks

Native has supported bStocks since day one, delivering 24/7 liquidity, deep market depth, and tight spreads for retail users, professional traders, and liquidators.

**Leading DEX trading volume share for bStocks**

* One Month after bStocks' launch, Native has processed \~$34M in trading volume, executed 70K+ trades, and captured \~50% of total DEX trading volume on BNB Chain, demonstrating the competitiveness of the infrastructure.

<figure><img src="/files/eMpLNPngGvMZ0y5ngeDO" alt=""><figcaption></figcaption></figure>

**Wide distribution to major gateways**

* Native makes bStocks and the liquidity easily accessible through multiple gateways and wallets. Users can access bStocks liquidity powered by Native through 10+ gateways on BNB Chain. With liquidity distributed everywhere, user can trade seamlessly from their preferred interface.
* Learn more in analytics: <https://app.native.org/analytics>

<figure><img src="/files/2R4WPnMUlTCkL0EcvwRL" alt=""><figcaption></figcaption></figure>

**Capital-efficient liquidity for bStocks**

* Native's CLOB and PMM infrastructure supports deep, capital-efficient bStocks markets without relying on a traditional AMM liquidity pair. This helps market makers quote competitively while users access liquidity through their preferred trading interface.

**Liquidity for liquidations & composability**

* For bStocks’ on-chain utility to expand further, reliable liquidation liquidity is crucial. Liquidity powered by Native already supports bStocks collateral liquidations across leading lending protocols, including ListaDAO, Venus, and BNB Chain.
* See public references in:
  * ListaDAO: <https://x.com/native_fi/status/2066818119788826823?s=20>
  * Venus: <https://x.com/VenusProtocol/status/2068176912258580893?s=20>
  * TermMax: <https://x.com/TermMaxFi/status/2072681739731034376?s=20>

**Competitive depth and spreads**

* Native delivers deep market depth and tight spreads for bStocks, enabling large trades to execute smoothly on-chain. For many top-traded bStocks, we’re already matching top CEX-level depth and spreads.
  * Take NVDAB and SPCXB below as examples:
  * Check real-time orderbook: <https://app.native.org/markets/32>

<figure><img src="/files/AvzboixH629mxqfYKIjJ" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/GrngnOclJFeSpJLngnsJ" alt=""><figcaption></figcaption></figure>