Binance has officially launched the tokenized security bStocks, enabling 24/7 trading of US stocks

BlockBeats News, June 11th, according to an official announcement, Binance has officially launched bStocks, and users can now trade and redeem bStocks. bStocks are tokenized securities, with each unit backed by U.S. stocks held by a regulated custodian in a 1:1 ratio. bStocks are issued by BTECH Holdings Limited, an affiliate of the Binance group, and are classified as tokens representing specific financial instruments. bStocks represent the issuer's ownership of the underlying securities and do not constitute direct ownership of the relevant shares or stocks of the listed companies.

Binance stated that bStocks can be traded on the spot market 24/7, without being restricted by traditional trading hours; stocks and bStocks can be instantly exchanged at a 1:1 ratio without exchange fees. Each bStock is fully backed by real U.S. stocks held by a regulated custodian and can be verified through a proof of reserve page. In addition, bStocks support withdrawal to a compatible BNB Smart Chain wallet for self-custody and can also be used in DeFi protocols on the BNB Smart Chain. bStocks are BNB Smart Chain tokens integrated with the BEP-677 standard, which provides native support for real-world assets (RWA) on the BNB Smart Chain.

bStocks are among the first tokens to be listed on the FSRA official list of tokenized securities—issued based on an FSRA-approved prospectus and traded on a recognized investment trading platform. When the relevant companies distribute dividends, the net dividend value will be automatically reinvested through an on-chain adjustment mechanism called "Multiplier." A withholding tax applicable in the United States, currently set at 30%, must be paid on dividends before reinvestment. Users can gain exposure to U.S. stocks for as little as $5.