Binance Launches Bstocks: 1:1 Backed Equity Tokens for Circle, Nvidia, and Tesla on June 11

CRCLX1.47%
NVDA0.05%
TSLA-0.25%
On June 11, Binance launched Bstocks, a new line of 1:1 backed tokenized equity tokens enabling fractional trading of U.S. shares. At launch, the exchange listed BEP-20 tokens representing Circle Internet Group, Nvidia, Micron Technology, SanDisk, and Tesla, with fractional trading starting at $5 per share. The tokens are issued by BTech Holdings Limited, a Binance group affiliate, and backed by shares held with regulated custodians. Users can convert between underlying equities and Bstocks at a 1:1 ratio with no conversion fees, and hold tokens through Binance or self-custody via BNB Chain-compatible wallets. Bstocks are compatible with decentralized finance applications and will support additional listings over time. According to Binance CEO Richard Teng, the product aims to bridge traditional investing with on-chain portability as tokenized equities expand.
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