Binance's stock token section got quite a few updates this week, but what caught my attention the most is bStocks enabling margin collateral. More trading pairs, chart upgrades—those are changes to the trading experience. But being able to use them as collateral or run grid strategies? That’s redefining how assets themselves can be used. It used to be 24/7 buying and selling, but now holdings can participate in other strategies too. Recently, Ethena also started incorporating bStocks into their stock basis strategies: holding bStocks on the spot side while hedging with corresponding stock perpetuals on the other side to earn funding rates. This isn’t just about “turning stocks into tokens” anymore. bStocks is evolving from a trading product into a financial tool and protocol asset. When it comes to RWA (Real World Assets), the real game-changer might not be how much gets issued, but what you can do with it after issuance.