Binance Lists Trump Media Token as Margin Collateral Amid Controversy

Binance has listed a tokenized version of Trump Media & Technology Group stock as eligible margin collateral on its platform. The token, trading under the ticker DJTB against USDT, is part of Binance's bStocks programme, which surpassed $1 billion in assets under management within its first 30 days.

The clearing and custody functions for DJTB sit with Nest Clearing and Custody Limited, another ADGM-regulated Binance entity. The token represents a 1:1 economic exposure to Trump Media shares listed as DJT on Nasdaq, but holders do not receive direct corporate stock ownership or voting rights.

The listing follows the launch of a DJTUSDT perpetual contract at 20x leverage and offers zero maker fees on the DJTB/USDT spot pair through August 31. However, users cannot currently borrow DJTB itself; it functions solely as collateral against other eligible margin positions.