Binance to distribute cash dividends to holders of tokenized securities for ASML and Nokia

BlockBeats news, October 23 - Binance announced that it will distribute cash dividends to holders of tokenized securities ASMLB and NOKB for ASML Holding (ASML) and Nokia (NOK) through bStocks. After deducting applicable withholding taxes, fees, and other costs, the net dividend amount will be reinvested to purchase additional shares or fractional shares of the corresponding underlying securities, and eligible users will receive distributions in the form of ASMLB or NOKB tokens.

The eligibility snapshot time is October 27 at 00:00 (UTC). Binance will suspend the 1:1 exchange service between ASML and Nokia stocks and the corresponding bStocks on October 26 at 23:30 (UTC), while also suspending deposits and withdrawals of ASMLB and NOKB. Related services will resume after the dividend distribution is completed. NOK B/USDT and ASMLB/USDT trading will not be affected.

Binance reminds that bStocks are tokenized securities and do not represent direct ownership of the relevant listed companies' shares by holders, and are only provided to eligible users in permitted jurisdictions.