What happens when the stock behind a bStock pays a dividend?

I used to think of dividends as one of the simplest parts of owning a stock.

The company pays a dividend.

The shareholder receives it.

Simple.

But then I started looking at how dividends work with bStocks.

The underlying stock can still pay a dividend, but the experience isn't the same as holding the stock directly.

With bStocks, the net dividend isn't paid out as cash.

Instead, it's automatically reinvested into the underlying stock, and the value is reflected through a proportional increase in the bStock balance via the Multiplier.

That made me think about something I hadn't considered before.

Having exposure to the same company doesn't necessarily mean experiencing every corporate event in the same way.

The underlying company can be the same.

The economic benefit can still be reflected.

But the way that benefit reaches me can be completely different.

And I think that's one of the more interesting things about tokenized assets.

Same underlying company doesn't necessarily mean the same investor experience.

#bstockscis @BinanceCIS