Binance Convert: Stocks from 0.01 USDC

Binance Launches Tokenized US Stocks, Offering Fractional Ownership

Binance, the global cryptocurrency exchange, has introduced “bStocks,” a new offering that allows users to trade tokenized securities representing fractional ownership of US shares. These bStocks are issued by BTech Holdings Limited, an affiliate of Binance.

Understanding bStocks

bStocks are classified as certificates that represent an interest in underlying financial instruments held by the issuer. Crucially, they do not grant holders direct ownership of the actual shares in the listed companies. Instead, each bStock is backed 1:1 by a US share held by a regulated custodian.

This new product marks a significant development as bStocks are the first tokenized securities to be admitted to the Financial Services Regulatory Authority (FSRA) Official List. They are issued under an FSRA-approved prospectus and are traded on a Recognised Investment Exchange.

Access and Trading Features

Eligible Binance users can now access bStocks through the “Convert” feature on the Binance platform, with entry points starting as low as the equivalent of 0.01 USDC. This allows for fractional exposure to US stocks.

Key features of bStocks include:

• Low Entry Point: Access fractional US stock exposure from just 0.01 USDC equivalent.
• 24/7 Trading: Trade on the spot market without being restricted by traditional market hours.
• Full Backing and Verifiability: bStocks are fully backed by real shares held at a regulated custodian and are publicly verifiable.

The availability of bStocks may vary depending on a user’s country or region of residence and their verification status.

How to Access bStocks

For users KYC-verified in eligible countries and regions, bStocks can be accessed via the “Convert” function on the Binance App. The process involves tapping “Convert,” searching for the desired bStock, entering the amount, and confirming the purchase.

For users verified in other eligible regions, bStocks can be accessed via “Convert” on the Binance Web platform. The bStocks feature will be integrated into upcoming app upgrades (iOS version 3.16.0 and Android version 3.16.3). On the Binance Web, users can navigate to “Trade,” select “Convert & Block Trade,” search for their preferred bStock, enter the amount, and confirm the trade.

Binance encourages users to start building their bStocks portfolio today, joining millions of other users on the platform.

Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice. The information provided is not intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities. Tokenized Securities are not offered, sold, distributed, made available, or accessible in the United States or to U.S. persons. They have not been registered under U.S. securities laws, and no public offering will be conducted in the United States or other jurisdictions outside the ADGM. By accessing this product, users represent and warrant that they are not U.S. persons, are not located in the United States, are not acting for the account or benefit of any U.S. person, and will not transact in Tokenized Securities from within the United States.