Binance announces the official launch of tokenized U.S. stock assets bStocks

According to the official announcement, Binance has launched bStocks, which are 1:1 tokenized U.S. stocks. bStocks are issued by Binance Group's affiliate BTech Holdings Limited, representing rights to the underlying securities and 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 them 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 support withdrawals to self-custody wallets or on-chain deployment 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 price through oracles, with on-chain settlement completed instantly, and redemptions for direct stock positions will occur during market trading hours. The first batch of tradable bStocks includes Micron (MUB), Sandisk (SNDKB), Circle (CRCLB), NVIDIA (NVDAB), and Tesla (TSLAB), with further expansions to support additional underlying assets and related integrations to follow.