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Binance announced that its bStocks product, which offers tokenized U.S. equities on BNB Chain, has surpassed $100 million in assets under management. This milestone highlights early user demand and the integration of traditional equity trading within Binance’s on-chain ecosystem.
Binance has reported that its bStocks product—tokenized certificates representing select U.S. equities on the BNB Chain—has surpassed $100 million in assets under management. According to official information, bStocks are BEP-20 tokens backed 1:1 by underlying shares held in regulated custody, and the offering was launched with spot trading pairs for stocks including Circle Internet Group, Micron Technology, NVIDIA, Sandisk, and Tesla.
The bStocks platform enables 24/7 on-chain trading, supports fractional ownership from $5, and allows for seamless conversion between tokenized and traditional shares with zero conversion fees. The product operates under a regulatory structure approved by ADGM’s Financial Services Regulatory Authority, and is positioned as part of Binance’s strategy to combine traditional equity trading with decentralized finance via the BNB Chain.
Binance is a major cryptocurrency exchange headquartered in Hong Kong, notable for its high liquidity, large trading volume, and a proprietary BNB Coin used within its ecosystem. Key features include relatively low commissions, a cold wallet for asset protection, and high platform performance, although users have reported a complex verification process and some technical issues. For more details on the broker’s services and conditions, see the full review on Traders Union.
For more background, see our earlier news about how MiCA regulations prompted Binance to restrict services for EU users starting July 1, as detailed in our previous Binance update on Traders Union.