Those who have worked in the US stock market should have experienced that brokerage accounts, margin trading accounts, and cryptocurrency accounts are three separate worlds. To increase leverage in stocks, one must rely on securities firms' margin trading and securities lending, while to use currency, it is another system where assets are visible but intangible to each other. The functionality launched by Binance this time is equivalent to breaking down this wall. 15 bStocks tokenized securities can now be directly used as collateral in full position leverage, Portfolio Margin, and Portfolio Margin Pro. That is to say, the positions of NVDAB, TSLAB, SPCXB in your account do not need to be sold to free up margin trading. During the holding period, the economic benefits of the underlying assets will be taken and dividends will be automatically reinvested. I think the significance of this matter is greater than the functionality itself. In the past two years, RWA has told too many stories, mostly focusing on the step of "putting stocks on the chain". No one can explain what can be done after moving on. The path of Binance is a step-by-step process: Pre IPO contracts address price exposure before listing, Direct Stocks address real holdings, bStocks address 24/7 trading and on chain composability, and now collateral functionality addresses asset efficiency. For the first time, traditional assets and encrypted assets have become things that can complement each other in the same account system, which is what RWA should look like - not narrative, but infrastructure. Moreover, each bStock is backed by 1:1 underlying assets, and the Proof of Collateral page is publicly available for inspection. There is not much to choose from in terms of transparency. Of course, the ugly thing is that the feature is currently only open to users in VIP3 and above, qualified jurisdictions, and bStocks cannot be borrowed temporarily. It is essentially a tokenized security, not a traditional stock, without the shareholder rights of the underlying company. Margin trading comes with strong liquidation risk, and collateral ratios and support targets are based on official margin data. Don't use this as investment advice. By the way, @ binancezh is soliciting co creation content for the "bStocks Practical Guide", which has been included with 199 USDT and author authorship. Excellent candidates also have 1 BNB. Writing oriented contestants can give it a try. Binance RWA bStocks