Binance Launches Tokenized Securities with 1:1 Backing and 24/7 Trading

Binance Exchange has announced the launch of bStocks, fully-backed tokenized securities representing select U.S. stocks issued by BTech Holdings Limited.

The first bStocks listings will be Circle Internet Group (CRCLB/USDT), Micron Technology (MUB/USDT), NVIDIA (NVDAB/USDT), Sandisk (SNDKB/USDT), and Tesla (TSLAB/USDT).

With 1:1 backing, users can trade bStocks 24/7 on Binance Exchange, hold them on the platform, self-custody them through BNB Chain-compatible wallets, or use them across supported DeFi applications.

Richard Teng, co-CEO of Binance, said, 'Early demand for stocks trading on Binance shows that users want more flexible ways to access traditional markets.'