**[Binance Officially Launches Tokenized U.S. Stock Assets bStocks]** BlockBeats News, June 10: According to an official announcement, Binance has launched bStocks, which are 1:1 tokenized U.S. stocks. bStocks are issued by Binance Group's affiliated company, BTech Holdings Limited, and represent rights to the underlying securities but do not signify direct ownership of the underlying publicly listed company stocks or shares. Users can convert eligible stocks held on Binance's direct stock trading platform into corresponding bStocks at a 1:1 ratio, and vice versa. This process involves no lock-up period, no holding period, and no conversion fees. bStocks will trade 24/7 on Binance's spot market and support withdrawals to self-custody wallets or deployment on-chain with 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 via an oracle, with on-chain settlement completed instantly. Redemption back to 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 plans to expand supported assets and related integrations in the future.