If bStocks is still treated as a regular tokenized trading product in the US stock market, then it may really underestimate it After the launch of Binance's bStocks leveraged collateral function, a US stock asset began to have three uses: Holding, trading, and pledging This director will provide a simple and practical guide to bStocks for everyone one ️⃣ What is bStocks? BStocks is a tokenized US stock product launched by Binance Simply put, one bStock corresponds to the economic exposure of one underlying real stock, supported by a compliant custody mechanism Users can obtain underlying asset related returns through bStocks, including: ▪️ Earnings from rising stock prices ▪️ Equity corresponding to company actions such as dividends ▪️ Mechanism for handling events such as stock splits Compared to traditional US stock accounts, bStocks supports 24/7 trading, wallet management, and can also enter more on chain combination scenarios, which is more suitable for the usage habits of encrypted users two ️⃣ First layer purpose: Holding If you take a good look at US stock assets, such as tech giants, AI/chips, growth stocks, space exploration, ETFs, etc., you can gain relevant exposure through bStocks During the holding process, company actions such as dividends will be handled through mechanisms, and the net dividend value can also be automatically reinvested This allows bStocks not only to track prices, but also to cover the related economic benefits of underlying assets three ️⃣ Second layer purpose: trading One of the advantages of bStocks is its more flexible trading time and usage scenarios It can be used in Binance related trading scenarios or enter the on chain ecosystem, for example: ▪️ PancakeSwap: Supports 24/7 trading ▪️ Trust Wallet: You can exchange supported bStocks within the wallet ▪️ Binance Wallet: Supports bStocks and related DApp experiences ▪️ Aster DEX: Supports bStocks to enter margin scenarios ▪️ Venus/Lista: Supports liquidity gameplay such as mortgages and loans ▪️ Flap: Integrating bStocks into dual asset and dividend related scenarios For encrypted users, the usage scenarios of bStocks are not limited to buying and selling, and some ecological scenarios may also receive DeFi profits and activity rewards four ️⃣ Third layer use: Mortgage The most crucial upgrade this time is that bStocks can be used as collateral assets for margin Currently, there are 25 mainstream US stocks supporting as collateral assets, covering areas such as technology giants, AI/chips, growth stocks, space exploration, and ETFs The supported scenarios include: ▪️ Cross Margin ▪️ Portfolio Margin ▪️ Portfolio Margin Pro In the past, holding assets related to the US stock market mostly had to wait for price increases or sell for liquidity Now through bStocks collateral, users can release margin efficiency without selling their positions, which can be used for more cross asset trading strategies This is also the most noteworthy change for bStocks, which has begun to enter the Binado asset account system and become an asset that can be combined, scheduled, and used five ️⃣ Binance's US stock layout Looking at the current US stock product line of Binance, the path is actually very clear ▪️ Pre IPO Perpetual provides price exposure to unlisted companies ▪️ Direct Stocks allows qualified users to purchase over 7000 US stocks and ETFs with stablecoins, and obtain real equity related to their holdings ▪️ BStocks tokenizes securities assets, supporting 1:1 underlying asset support, 24/7 trading, self custody, and on chain composability ▪️ Now some bStocks have entered the Binance leveraged collateral scene and begun to undertake collateral functions With this system, US stock assets can be managed under the same account framework as encrypted assets such as BTC, ETH, and stablecoins, and can also serve more trading strategies ------ Finally, I believe that the noteworthy aspect of bStocks is that it allows US stock assets to begin entering encrypted accounts and on chain ecosystems This means that RWA is no longer just limited to "buying and selling", but is beginning to move towards more efficient portfolio scenarios If the supported assets and usage scenarios continue to expand in the future, the playable space of bStocks will be even larger, and I am also looking forward to Binance's next actions At present, the relevant functions are mainly aimed at VIP3 and above, qualified jurisdictional users, and not for users in the United States or other restricted regions. Remember to pay attention to regional restrictions and product risks before participating Binance users co create bStocks RWA Binance @heyibinance @cz_binance @yayabinance @moonkimbinance @binancezh