Binance Brings US Equities to Blockchain in UAE bStocks Launch
Binance has expanded its financial super app offerings in the UAE by launching bStocks, a new feature that allows users to access select U.S. stocks through tokenized securities on the BNB Chain.
This move marks another step towards bridging traditional finance and blockchain technology, enabling users to diversify their portfolios while benefiting from blockchain-native capabilities.
bStocks are designed to track the price of corresponding underlying shares held with a regulated custodian and can be traded for as little as US$5.4. Users also have the option to transfer supported bStocks to compatible BNB Chain wallets, utilize on-chain utility, or maintain diversification by accessing both digital assets and tokenized U.S. equities through one trusted platform.
Initially, eligible users will have access to tokenized securities representing Circle Internet Group (CRCLB/USDT), Micron Technology (MUB/USDT), NVIDIA (NVDAB/USDT), Sandisk (SNDKB/USDT), Tesla (TSLAB/USDT), and more are expected to be introduced progressively, subject to applicable approvals.