Binance has introduced a two-way conversion feature allowing eligible users to swap select US equities for tokenized bStocks and vice versa at a 1:1 ratio. The process is instant and free of charge, enabling 24/7 trading of these assets on the Binance spot market.
The bStocks are BEP-20 tokens issued on the BNB Smart Chain. Each token provides economic exposure to a US-listed equity, with the underlying shares held by a regulated custodian. Users can withdraw these tokens to compatible wallets for use in decentralized finance applications.
The product was launched on June 11, 2026. Assets under management grew from over $100 million shortly after launch to more than $500 million by July 28, 2026. New listings, including ADBEB, FWDIB, and HPEB, began trading on September 30, 2026.
The bStocks are approved by the Financial Services Regulatory Authority of Abu Dhabi Global Market and are among the first tokenized securities on the FSRA Official List. Binance provides a Proof of Collateral page to verify the backing of these assets.
