Binance Launches bStocks: Tokenized U.S. Stocks Now Available for 24/7 Trading
Binance has introduced a new product called bStocks, allowing users to access tokenized versions of U.S. stocks that can be traded around the clock. These digital assets are backed on a 1:1 basis by real U.S. shares held with regulated custodians.
According to Binance, bStocks are issued by BTech Holdings Limited, a Binance-affiliated company, and have received regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The company stated that bStocks have become the first tokenized securities added to the FSRA Official List after approval of the issuer’s prospectuses.
Unlike traditional stock ownership, bStocks do not give users direct ownership of the underlying company’s shares. Instead, they represent an interest linked to the actual stocks held by the issuer.
Key Features of bStocks:
• Users can trade bStocks 24/7 on Binance’s spot market.
• Stocks can be converted into bStocks and back at a 1:1 ratio without conversion fees.
• The backing of each token can be publicly verified.
• Users can withdraw bStocks to compatible BNB Smart Chain wallets for self-custody.
• bStocks can also be used within selected DeFi applications on the BNB Smart Chain.
Binance explained that events such as dividends and stock splits will be handled automatically through an on-chain adjustment system. Dividends will be reinvested after applicable U.S. withholding taxes.
The company also highlighted that bStocks transactions can settle in less than a second, with access starting from just $5, making traditional stock exposure more accessible through blockchain technology
