Key Takeaways:
- Binance launched Bstocks on June 11, allowing 24/7 fractional trading of top U.S. shares.
- Backed 1:1 via Nest Trading, the BEP-20 tokens bring tech equities directly into DeFi apps.
- Richard Teng says Binance aims to scale Bstocks as onchain equities expand 30-fold to $1.42B.
Global crypto exchange, Binance, has begun offering trading for Bstocks, a new line of fully backed tokenized securities representing select U.S. equities, the company said June 11. The products are issued by BTech Holdings Limited, an affiliate of the Binance group, and are designed to give users around‑the‑clock access to tokenized versions of publicly listed shares.
At launch, Binance listed tokenized versions of Circle Internet Group, Micron Technology, Nvidia, Sandisk and Tesla. According to a media statement, a tokenized version of SpaceX is planned, pending the company’s expected public listing on Nasdaq. Binance said additional listings will roll out over time.
The debut Bstocks follows Binance’s recent announcement introducing U.S. equities trading on its platform. The exchange said Bstocks are intended to merge traditional investing with on‑chain portability, allowing users to hold the assets on Binance or self‑custody them through BNB Chain‑compatible wallets. The tokens can also be used across supported decentralized finance ( DeFi) applications.
Users can convert between underlying equities — purchased through Binance’s broker‑dealer entity Nest Trading Limited — and Bstocks at a 1:1 ratio with no conversion fees. Fractionalized trading starts at $5.
The launch comes after the Financial Services Regulatory Authority of Abu Dhabi Global Market approved the issuer’s prospectuses. Each Bstock is structured as a certificate over a corresponding U.S. stock or exchange-traded fund (ETF) and is backed 1:1 by shares held with a regulated custodian, Binance said.
“Early demand for stocks trading on Binance shows that users want more flexible ways to access traditional markets,” Richard Teng, Binance’s co‑CEO, said in a statement. “bStocks are the next step in that evolution, bringing real‑world assets on‑chain while giving users greater portability and self‑custody.”
As BEP‑20 tokens on BNB Chain, Bstocks are compatible with a wide range of wallets and on‑chain applications. Binance said integrations will expand over time. Corporate actions such as stock splits and dividend‑related adjustments will be processed automatically.
The rollout comes amid rapid expansion in tokenized real‑world assets, with tokenized U.S. Treasurys having surged from $750 million to $14.8 billion between Jan. 1, 2024, and June 11, 2026. On‑chain equities have expanded nearly 30‑fold, rising from $47.5 million to more than $1.42 billion during the same period.
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