Binance Launches bStocks on BNB Chain With Self Custody and Dividends
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Binance Launches bStocks on BNB Chain With Self Custody and Dividends

By Samuel

Binance launches bStocks on BNB Chain, offering 1:1-backed U.S. securities with 24/7 trading, dividends, and self-custody.

Binance has launched bStocks on BNB Chain as tokenized U.S. securities. The assets are issued as BEP-20 tokens.

The product gives users exposure to selected U.S. stocks. It also supports 24/7 trading and zero conversion fees.

Users can hold bStocks in self-custody wallets. Binance Wallet and Trust Wallet are among the supported options.

The launch also adds future DeFi use across the BNB Chain. Binance said users can still earn dividends on the underlying stocks.

bStocks Bring U.S. Securities to BNB Chain

bStocks are 1:1-backed tokenized U.S. securities. Binance said each token represents a real share held by a regulated custodian. Users can check backing through a daily Proof of Collateral page.

The tokens are issued on BNB Chain as BEP-20 assets. Therefore, users can withdraw them to supported wallets. This gives users direct control over their tokenized stock holdings.

Binance said bStocks can be converted 1:1 with no fees. Trading is available at any time, unlike regular stock markets. In addition, settlement on the BNB Chain is designed to finish in under one second.

The product allows users to start with as little as $5. This creates a lower entry point for tokenized stock exposure. However, users still face price risk from the underlying shares.

Initial bStocks Include Tesla and Nvidia

According to BNB Chain Five bStocks are available at launch. The list includes Circle, Micron, Nvidia, Sandisk, and Tesla. Their pairs are CRCLB/USDT, MUB/USDT, NVDAB/USDT, SNDKB/USDT, and TSLAB/USDT.

Binance also plans to add more listings. SpaceX is listed as an upcoming product under SPCXB/USDT. More tokenized stock products are expected later.

The launch links stock exposure with blockchain settlement. As a result, users can trade outside normal market hours. This gives BNB Chain users a different way to access selected equities.

Binance said dividend access remains tied to the underlying stocks. Therefore, eligible users can still receive dividends where supported. This feature stays in place while tokens move across supported wallets.

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DeFi Use Planned Across BNB Chain

Binance said bStocks will soon work across DeFi protocols on the BNB Chain. Named platforms include Venus, Lista DAO, PancakeSwap, and Aster. Users may be able to lend tokens or provide liquidity.

This adds more use cases for tokenized stocks. Instead of only holding them, users may deploy them in Onchain markets. However, DeFi activity can include smart contract, liquidity, and market risks.

Native is supporting liquidity for bStocks across the ecosystem. Binance said users can withdraw assets to compatible wallets. They can then connect with supported DeFi protocols on BNB Chain.

BNB Chain already hosts several real-world asset products. The network cited over $3.4 billion in value locked. It also reported more than 86,000 holders in real-world asset products.

Samuel

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