Binance Launches Bstocks for Fractional Trading of U.S. Equities
- On June 11, Binance launched Bstocks, enabling fractional trading of top U.S. shares around the clock.
- Bstocks are BEP-20 tokens backed at a ratio of 1:1 via Nest Trading, bringing tech equities into DeFi applications.
- Initial listings include tokenized versions of Circle Internet Group, Micron Technology, Nvidia, Sandisk, and Tesla.
- Richard Teng from Binance aims to expand on-chain equities by nearly thirtyfold to $1.42 billion.
- Users can convert between underlying equities and Bstocks with no conversion fees, starting at $5 for fractional trades.
Binance’s introduction of Bstocks represents a significant step in merging traditional finance with blockchain technology by offering tokenized securities that allow for flexible trading options and self-custody through BNB Chain-compatible wallets.
The launch follows approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market and reflects growing interest in accessing traditional markets through blockchain platforms like Binance’s Bstocks initiative.(Source)
