Binance has drawn renewed attention to its bStocks feature, which allows eligible users to convert supported stock positions into blockchain-based tokens at a 1:1 ratio.
In an Oct. 6 post on X, Binance emphasized that its Stocks and bStocks products are “connected,” directing users to an existing conversion guide rather than introducing a new service. The exchange first announced bStocks in June with the same 1:1 stock conversion feature and 24/7 spot trading.
According to Binance’s FAQ, Nest Trading Limited handles conversions between supported stocks and bStocks without charging a conversion fee. Eligible users can tokenize a stock order when placing it, convert an existing stock position, or buy bStocks directly through Binance Spot. Converting a bStock back into a regular stock requires an eligible Stock Account and acceptance of relevant terms.
Binance notes that bStocks are tokenized securities backed 1:1 by underlying shares held through regulated third-party custody arrangements. However, they are not the same as direct share ownership. BTech Holdings Limited, a Binance group affiliate, issues the certificates, and holders do not become direct shareholders or receive voting, inspection or shareholder communication rights.
The Abu Dhabi Global Market Financial Services Regulatory Authority lists multiple BTech Holdings bStocks on its official securities register, including certificates tied to Adobe, AMD, Alphabet, Amazon and Apple. Previously reported names also include Nvidia, Tesla, Circle, Micron and Sandisk.
Users can withdraw bStocks as BEP-20 tokens to compatible BNB Smart Chain wallets, subject to eligibility checks and sanctions controls. Cash dividends are generally reinvested and reflected through an on-chain multiplier mechanism, while stock splits adjust token balances and per-token value accordingly.
U.S. persons cannot access bStocks, as the products have not been registered under U.S. securities laws. Binance is also running promotional campaigns: a third-party tokenized securities conversion offer runs through Oct. 11, and a new bStocks trading campaign from Oct. 6 through Nov. 2 offers shares of 100 SPCXB in token vouchers for first-time traders.
