Binance Lists Tokenized Trump Media Stock as Margin Collateral
Binance has listed tokenized Trump Media stock (DJTB) and made it eligible as margin collateral on its platform. The listing comes with a complex history between Binance and the Trump family, which includes a pardon by former President Donald Trump for Binance founder Changpeng Zhao.
The token was issued by BTech Holdings, a Binance affiliate, under an ADGM prospectus and is not available to US persons. DJTB became eligible collateral under Cross Margin, Portfolio Margin, and Portfolio Margin Pro at 12:00 UTC on Wednesday, with no phase-in period.
However, borrowing against DJTB is currently not supported, and the collateral feature is restricted to VIP 3 users and above in permitted jurisdictions. The token's listing also arrives amidst a documented history of connections between Binance and the Trump family, which has drawn scrutiny from Congress and the press.