Binance has officially launched bStocks — the exchange’s first tokenized U.S. equities that can be traded 24/7 on-chain. The move lets eligible users convert certain stock positions held on Binance’s stock trading platform into on-chain tokens and trade them around the clock on Binance’s spot market, rather than being restricted to traditional market hours.
What bStocks are
- Issued by Binance affiliate BTech Holdings Limited, each bStock is backed 1:1 by the underlying U.S. security. Binance says the tokens represent rights tied to those securities but do not confer direct ownership of the companies’ shares.
- Price alignment is maintained by oracle feeds that track the underlying stock value. On-chain settlements occur instantly; redemptions back into conventional stock positions are processed during regular market hours.
Key features at launch
- Seamless conversion: Eligible users can convert stock holdings into bStocks at a 1:1 ratio and convert them back without lock-up periods, minimum holding requirements, or conversion fees.
- 24/7 trading: Once tokenized, the assets can be bought and sold continuously on Binance’s spot market.
- Self-custody and DeFi use: Users can withdraw bStocks to Trust Wallet, Binance Wallet, hardware wallets, and other compatible addresses. Binance also says the tokens can be used in supported decentralized finance applications.
Launch details and partners
- Binance listed tokenized versions of five U.S. stocks at launch: Micron (MUB), Sandisk (SNDKB), Circle (CRCLB), Nvidia (NVDAB), and Tesla (TSLAB). Binance plans to add more assets and integrations over time.
- Earlier disclosures said non-U.S. users would be able to access stocks on Binance using assets such as USDT, USDC, BNB and selected cryptocurrencies. Binance named Nest Trading as the brokerage and Alpaca as the provider handling custody, dividends and corporate actions.
Industry context
- The rollout follows Binance’s June announcement expanding access to more than 7,000 U.S. stocks and ETFs for users outside the U.S., with tokenized equities promised as part of that push.
- Binance’s bStocks launch comes amid broader interest across exchanges and financial firms in tokenized real-world assets. Bitget recently launched its Reality platform for tokenized U.S. stocks and ETFs, Coinbase has discussed an “everything exchange” model that would include tokenized equities, and the New York Stock Exchange has filed proposals to allow tokenized securities to trade alongside traditional shares.
Bottom line
Binance’s bStocks attempt to bridge traditional equities and blockchain infrastructure by enabling 24/7 trading, self-custody options, and potential DeFi integrations while keeping tokens pegged to underlying securities and preserving conventional market settlement processes for redemptions. Expect more listings and integrations as the product scales.
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