Binance Expands Corporate Action Support for Leveraged ETF Tokens

Binance has expanded its support for corporate actions across its bStocks lineup by adding cash dividend processing for four leveraged ETF products. The supported tokens track SOXS, MUU, TQQQ, and SQQQ.

Eligible holders will receive cash distributions in USDT based on their qualifying balances at the record date. This move is part of Binance's efforts to make tokenized securities more financially complete by handling corporate actions such as dividends, splits, and other events that can affect the underlying asset.

The announcement highlights the importance of supporting distributions for tokenized equities to make them operational products that behave like their instrument counterparts. By passing through cash dividend value to eligible users via USDT, Binance is putting more operational machinery behind bStocks.