Binance Launches bStocks: Tokenized U.S. Stocks on June 10 With 1:1 Exchange Rate

According to BlockBeats, on June 10, Binance officially launched bStocks, tokenized representations of U.S. stocks with a 1:1 conversion ratio. Issued by Binance-affiliated BTech Holdings Limited, bStocks represent equity in underlying securities and are distinct from direct stock ownership.

Users can convert eligible stocks held on Binance's direct equity trading platform to bStocks at 1:1 ratio without lock-up periods, holding restrictions, or conversion fees, and reconvert back to direct positions. bStocks trade 24/7 on Binance spot markets, support withdrawals to self-custody wallets, and enable deployment in compatible DeFi protocols. Initial tradable bStocks include Micron, Sandisk, Circle, NVIDIA, and Tesla.