Binance has launched its first batch of tokenized U.S. stocks, allowing users to convert eligible equities into on-chain assets that can trade around the clock.
Summary
- Binance has launched bStocks, allowing eligible users to convert U.S. stock holdings into tokenized assets that trade 24/7 on its platform.
- The first batch of bStocks includes tokenized versions of Nvidia, Tesla, Circle, Micron, and Sandisk, with support for self-custody wallets and DeFi applications.
- Binance said bStocks are backed 1:1 by underlying securities and can be converted back into direct stock positions without conversion fees.
According to Binance’s official announcement, the exchange has introduced bStocks, a product backed 1:1 by underlying U.S. securities and issued by Binance Group affiliate BTech Holdings Limited. Binance said the tokens represent rights tied to the underlying securities but do not grant direct ownership of shares in the listed companies.
Eligible users can convert stocks held through Binance’s stock trading platform into corresponding bStocks at a 1:1 ratio and switch them back into stock positions without lock-up periods, minimum holding requirements, or conversion fees.
Once converted, the assets can be traded continuously on Binance’s spot market rather than being restricted to traditional stock market hours.
Support for self-custody forms part of the launch. Binance said users can withdraw bStocks to Trust Wallet, Binance Wallet, hardware wallets, and other compatible addresses. The company also stated that the assets can be deployed in supported decentralized finance applications.
The rollout follows Binance’s June announcement that it would open access to more than 7,000 U.S. stocks and exchange-traded funds for users outside the United States. At the time, Binance said tokenized equities known as bStocks would be introduced in the coming weeks as part of its effort to connect traditional securities with blockchain-based infrastructure.
First batch includes Nvidia, Tesla and Circle
At launch, Binance has listed tokenized versions of five U.S. stocks, including Micron (MUB), Sandisk (SNDKB), Circle (CRCLB), Nvidia (NVDAB), and Tesla (TSLAB). Binance said additional assets and related integrations will be added later.
Price tracking will rely on oracle feeds that keep the tokens aligned with the value of the underlying stocks. Binance stated that on-chain settlements are completed instantly, while redemptions back into direct stock holdings take place during regular market trading hours.
Earlier details shared by Binance indicated that non-U.S. users would be able to access stocks through the exchange using assets such as USDT, USDC, BNB, and selected cryptocurrencies. Binance previously said brokerage services would be provided by Nest Trading, while Alpaca would handle custody, dividends, and corporate actions.
Competition grows in tokenized equities
Binance’s latest launch arrives as crypto exchanges and traditional financial firms continue to build tokenized versions of real-world assets.
Bitget recently introduced its Reality platform with tokenized U.S. stocks and ETFs backed through regulated brokerage arrangements. Coinbase has also outlined plans for an “everything exchange” model that includes tokenized equities alongside crypto and derivatives products.
Traditional market operators have also begun testing similar concepts. As previously reported by crypto.news, the New York Stock Exchange filed a proposal that would allow eligible tokenized securities to trade alongside conventional shares while retaining the same ticker symbols, rights, and privileges.
