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Binance Launches 1:1 Tokenized US Stock Assets bStocks

On June 10, Binance announced the launch of bStocks, which are 1:1 tokenized US stocks. bStocks are issued by BTech Holdings Limited, an affiliate of the Binance Group, and represent an interest in the underlying securities, but do not represent direct ownership of the underlying listed company stocks or shares. Users can convert their eligible stocks held on Binance's direct stock trading platform into corresponding bStocks at a 1:1 ratio, and can also convert back to direct stock positions. This process has no lock-up period, no holding period, and no conversion fees. bStocks will be traded 24/7 on the Binance spot market and can be withdrawn to self-custody wallets or deployed on-chain in compatible DeFi protocols. Users can withdraw bStocks to Trust Wallet, Binance Wallet, hardware wallets, or other compatible addresses. The price of bStocks will be anchored to the underlying stock prices via oracles, with on-chain settlements completed instantly, and redemptions for direct stock positions occurring during market trading hours. The first tradable bStocks include Micron (MUB), Sandisk (SNDKB), Circle (CRCLB), NVIDIA (NVDAB), and Tesla (TSLAB), with plans to continue expanding supported assets and related integrations.

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