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.

According to the official announcement, Binance has announced the launch of US stock and ETF trading features, supporting trading 5 days a week, 24 hours a day. Users can buy and sell US-listed stocks and ETFs through a single Binance account, starting from a minimum of $5.The announcement pointed out that bStocks holders do not directly hold the equity of the relevant underlying stocks or ETFs, and that related products and services may be subject to restrictions based on region.

According to Fortune, Binance is accelerating the expansion of its traditional financial services, planning to add U.S. stock trading features to its platform and launch tokenized stock products, further developing towards a "super app" model.It is reported that Binance will offer over 7,000 U.S. stocks and ETFs for non-U.S. users and plans to launch self-initiated tokenized stock products called bStocks in the coming weeks.Binance Co-CEO Richard Teng stated that users can purchase stocks using digital assets such as USDC, USDT, and BNB, and it supports fractional trading with a minimum of $5 and zero commission. This service is provided by Nest Trading for brokerage support, while Alpaca is responsible for custody, dividend distribution, and corporate action processing. Binance claims that bStocks will convert traditional stock holdings into programmable, always-on, on-chain tokenized assets.Previously, Binance had re-launched on-chain tokenized assets tracking U.S. stocks and ETFs such as Apple, Tesla, and Nvidia through a partnership with Ondo Finance.