Crypto exchange Binance has launched bStocks, a new line of tokenized U.S. securities backed 1:1 by underlying shares, giving eligible users around-the-clock access to select U.S. equities through blockchain infrastructure.
The launch, announced on Friday, marks Binance’s latest move into tokenized real-world assets, allowing users to trade stocks 24/7, transfer them on-chain, and use them with supported decentralized finance (DeFi) applications instead of being limited to traditional stock market hours.
First listings include Nvidia, Tesla, Circle, and Micron
The initial batch of bStocks represents shares of several publicly traded U.S. companies, including Circle Internet Group (CRCLB), Micron Technology (MUB), NVIDIA (NVDAB), Sandisk (SNDKB), and Tesla (TSLAB).
Binance also said a tokenized version of SpaceX (SPCXB) is planned once the aerospace company’s shares begin trading publicly on Nasdaq. Additional tokenized equities are expected to be added over time.
What makes bStocks different?
Unlike synthetic stock derivatives, Binance said each bStock is backed by one corresponding underlying share held in custody. Users can convert between eligible traditional shares, purchased through Binance’s broker-dealer entity, Nest Trading Limited, and tokenized bStocks on a one-to-one basis without conversion fees.
The securities are issued by BTech Holdings Limited, a Binance affiliate, following approval of the issuer’s prospectuses by the Financial Services Regulatory Authority within Abu Dhabi Global Market. Each token is structured as a certificate representing ownership exposure to the underlying stock or ETF rather than a standalone security issued by Binance itself.
Richard Teng, co-CEO of Binance, commented on the development, stating, “bStocks are the next step in that evolution, bringing real-world assets on-chain while giving users greater portability and self-custody. As tokenization gains momentum, Binance is helping bridge traditional finance and crypto infrastructure in a way that is simple, secure, and user-driven.”
Why the launch matters for traders
Tokenized equities have become one of the fastest-growing segments of digital assets as exchanges seek to merge traditional financial markets with blockchain infrastructure. By issuing stock-backed tokens that can move on-chain, Binance is extending equity trading beyond conventional market hours while enabling self-custody and interoperability with blockchain wallets.
The launch also reflects increasing competition among crypto platforms offering stock-linked products, although their structures differ significantly. Some platforms offer perpetual futures tied to stock prices, while others provide tokenized instruments backed by real shares held in regulated custody. Binance’s bStocks fall into the latter category, with the company stating each token maintains full one-to-one backing.
Binance builds on early momentum in stock trading
The launch of bStocks follows strong early demand for Binance’s broader move into U.S. equities. Just a week after introducing stock and ETF trading, Binance Stocks surpassed $400 million in assets under management (AUM). The platform offers eligible users access to more than 7,000 U.S.-listed stocks and ETFs, with fractional investing starting at $5 and purchases supported through select cryptocurrencies, including stablecoins and BNB.
Unlike Binance’s earlier equity-linked perpetual contracts and pre-IPO derivatives, which only provided price exposure, the stock platform introduced beneficial ownership of underlying securities through a regulated U.S. clearing broker, allowing investors to receive dividends and participate in corporate actions.
The rollout of bStocks extends that strategy further by bringing fully backed, tokenized versions of select U.S. equities on-chain, combining traditional share ownership with blockchain-based transferability and 24/7 trading.
On-chain features extend beyond trading
Binance said bStocks are issued as BEP-20 tokens on the BNB Chain, making them compatible with supported wallets and decentralized applications.
Corporate actions, including stock splits and dividend-related adjustments, will be processed automatically so token holders retain equivalent exposure without manual intervention. Fractional ownership is also supported, allowing investments starting from as little as $5.
Tokenization race accelerates
The launch comes as crypto exchanges increasingly compete to bring traditional financial assets onto blockchain networks. In recent weeks, several platforms have introduced tokenized stocks, pre-IPO products, and stock-linked derivatives aimed at expanding access to U.S. equities for global crypto users.
Binance said the rollout of bStocks builds on its broader strategy to connect traditional securities with blockchain-based settlement, allowing eligible users to trade, transfer, and hold tokenized equities within the digital asset ecosystem.
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