ARMb is a tokenized stock product whose token tracks the price of the underlying listed equity, Arm Holdings plc American depositary shares (ARM), and provides its holder economic exposure to that single reference security rather than direct legal ownership of shares.

The reference asset is Arm Holdings plc American depositary shares, listed on the Nasdaq Stock Market under the ticker ARM. The token is structured to follow the market price of that single equity, so a tokenholder gains the economic profit or loss that a movement in the underlying ARM share price produces. If the underlying issues a dividend or distribution and eligibility requirements are met, holders receive a corresponding amount, and the token confers no voting rights in the underlying company.

The token represents economic exposure to Arm Holdings plc American depositary shares (ARM) rather than registered legal title to the shares themselves, so a tokenholder is a contractual claimant whose entitlement derives from the underlying equity rather than a shareholder of record in Arm Holdings plc. A holder of the token does not appear on the share register of the underlying company, does not exercise the voting rights attached to ARM, and relies on the issuing arrangement to mirror the economic outcome of holding the underlying listed security.

As a tokenized representation of Arm Holdings plc American depositary shares (ARM), the token is issued by Binance under its bStocks product on BNB Chain, recording ownership and transfers onchain, with balances held and moved between addresses through smart contract logic on a public blockchain. Transfers settle onchain when the network confirms the transaction, and the token is held in self-custody or third-party custody wallets in the same manner as other fungible blockchain tokens.

<Sources
  retrievedAt="2026-07-16"
  items={[
    { id: "S1", url: "https://www.coingecko.com/en/coins/arm-bstocks-tokenized-stock" },
    { id: "S2", url: "https://bscscan.com/token/0xd42a79ebb7f527f40faecd196ffb47ad5e8d6f8c" },
    { id: "S3", url: "https://www.binance.com/en/bstocks" },
  ]}
/>


# Asset senders (daily) methodology

## 1. Overview

Asset senders (daily) is calculated as the number of unique addresses that initiate asset transfers within a fixed 24-hour window. Daily activity is measured from 00:00 UTC to 23:59 UTC for each tracked asset. Active transactors are isolated from passive recipients by identifying only the sending addresses of transactions. This metric is utilized to evaluate the daily active user base and transaction utility of tokenized assets across multiple blockchain networks.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions, covering Solana
- **Aptos, Cardano, Stellar Classic, and Sui events**: Token withdraw events, covering Aptos, Cardano, Stellar, and Sui
- **Near, Algorand, Injective, Ripple, and Stellar Soroban events**: Token transfer events, covering Near, Algorand, Injective, Ripple, and Stellar
- **Polkadot Asset Hub events**: `Transferred` events from the `assets` pallet, covering Polkadot Asset Hub
- **Asset metadata**: Token addresses and chain configurations

## 3. Step-by-step calculation

### Component A: Extract sender addresses

- **Purpose**: Identify and extract the unique sending addresses for each asset transfer across all supported chains.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from the `from` field of ERC-20 `Transfer` events, excluding the zero address to filter out mint transactions. On Solana, sending addresses are extracted from the authority address field of token transfer instructions. On Aptos, Cardano, Stellar Classic, and Sui, sending addresses are identified from the account address field of token withdraw events. On Near, Algorand, Injective, and Stellar Soroban, sending addresses are extracted from the sender address field of token transfer events, with null addresses excluded. On Ripple, sending addresses are extracted from token transfer events where the transfer value is negative. On Polkadot Asset Hub, sending addresses are extracted from the event data of `Transferred` events emitted by the `assets` pallet.
- **Key fields**: `timestamp` (block timestamp truncated to daily grain), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Consolidate and deduplicate sender data

- **Purpose**: Aggregate sender addresses across all chains and prepare the dataset for daily unique counting.
- **Logic**: Sender records from all individual chains are consolidated into a unified dataset. For each asset on each chain, the sending addresses are grouped by day. To prevent double-counting, duplicate sender addresses for the same asset on the same chain within the same 24-hour window are removed.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `sender_address` (unique sending address)

### Component C: Final aggregation

- **Purpose**: Calculate the final daily active sender count per asset and per chain.
- **Logic**: The consolidated dataset is aggregated to compute the daily active senders. Unique sending addresses are counted for each asset on a daily basis, both at the individual chain level and aggregated across all chains for multi-chain assets. If no transfer activity is recorded for a tracked asset on a given day, the daily sender count is filled with zero values.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `asset_dau` (daily active senders count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a fixed 24-hour window.

Asset senders (daily)

Tokenized stocks

twitter

website

terms

Real-world asset (RWA) issuers

Binance bStocks

Arm (bStocks Tokenized Stock) (ARMb) is a token tracking ARM shares, backed by dedicated collateral, issued by Binance bStocks through Btech Holdings Ltd, and distributed through Binance bStocks with Nest Trading Limited as broker.

The underlying security is listed in the information technology sector.

Each token tracks one underlying share, entitles holders to dividends, which are distributed as additional tokens, carries no voting rights, and carries an annual fee of 0%.

Residents of the United States and jurisdictions under applicable sanctions cannot mint or redeem with Binance bStocks.

Btech Holdings Ltd is incorporated in the United Arab Emirates, is regulated in Abu Dhabi's ADGM, and is supervised by the Financial Services Regulatory Authority.

Holder terms are governed by the law of the United Arab Emirates.

ARMb has been issued on BNB Chain as an ERC-20 token since July 2026.

Arm (bStocks Tokenized Stock)ARMb