@Binance has launched bStocks, allowing eligible users to convert U.S. stock holdings into tokenized assets that trade around the clock on its platform. The product is backed 1:1 by underlyin
@Binance has launched bStocks, allowing eligible users to convert U.S. stock holdings into tokenized assets that trade around the clock on its platform. The product is backed 1:1 by underlying U.S. securities and issued by Binance Group affiliate BTech Holdings Limited.
At launch, Binance has listed tokenized versions of five U.S. stocks, including Micron, Sandisk, Circle, Nvidia, and Tesla. Eligible users can convert stocks held through Binance's stock trading platform into corresponding bStocks at a 1:1 ratio and switch them back into stock positions without lock-up periods, minimum holding requirements, or conversion fees. Once converted, assets can be traded continuously on Binance's spot market rather than being restricted to traditional stock market hours.
The tokens run on @BNBChain using the BEP-677 standard, enabling fractional ownership with a $5 minimum entry. Price tracking relies on oracle feeds that keep the tokens aligned with the value of the underlying stocks, while on-chain settlements are completed instantly. Redemptions back into direct stock holdings take place during regular market trading hours. Self-custody support also forms part of the launch, with users able to withdraw bStocks to Trust Wallet, Binance Wallet, hardware wallets, and other compatible addresses.
bStocks are issued by BTECH Holdings Ltd, a Special Purpose Vehicle (SPV) registered in the Abu Dhabi Global Market (ADGM), and the issuance remains subject to regulatory approval by the FSRA. Importantly, bStocks are not stocks or shares and do not allow holders to directly own a share or stock in the underlying listed company.
Other companies, including Kraken and Robinhood, have launched similar offerings over the past year, though Binance's version is potentially unique in that it promises to let customers initiate the tokenization process themselves. The concept is fast gaining traction more broadly, with both the New York Stock Exchange and Nasdaq having announced plans to incorporate tokenization technology. The service is only open to non-U.S. customers due to American securities rules, meaning users in the United States remain blocked from the feature at launch.
Sources:Binance Official Press Release via PR NewswireCrypto.news: Binance launches bStocks with 24/7 trading for tokenized U.S. equitiesFortune: Binance adds U.S. stocks in super app push, plans to launch tokenized shares
