Overview
- In mid‑October 2026 Binance made bStocks available to eligible users in the UAE and reported the product has passed $1 billion in assets under management with more than $6 billion converted between tokens and the underlying U.S. shares.
- bStocks are BEP‑20 certificate tokens issued by BTech Holdings that are intended to be backed 1:1 by U.S. shares held with regulated custodians but do not grant holders voting rights, direct ownership or dividends.
- The product trades on BNB Chain 24/7, supports fractional positions from about $5, allows wallet transfers and can be used as collateral on Binance, and by early October supported roughly 95 tokenized securities.
- bStocks grew rapidly after launching on June 11, 2026, hitting about $100 million in AUM within 15 days, recording heavy after‑hours trading and cumulative conversions that Binance says helped push trading volume into the billions.
- Regulators and users should watch custody and issuer risk, dividend adjustments and withholding tax rules, the use of unregulated wallet services, and calls for clearer proof of collateral as tokenized real‑world assets scale.