Binance to Pay Cash Dividends on Tokenized Apple and IBM Stocks

Binance is set to pay cash dividends to investors holding tokenized Apple and IBM stocks.

The dividend will be automatically reinvested into the underlying asset after taxes and fees are deducted.

To receive the dividend, investors must hold AAPLB or IBMB at the snapshot scheduled for 9 a.m. Korea time on Aug. 10.

The bStocks service for 1:1 conversion into underlying shares will be temporarily suspended starting Aug. 8 and resume after the dividend payment process is completed.