A token linked to a stock doesn't automatically give you the rights of a shareholder.
That's one of the most important distinctions to understand about bStocks.
bStocks provides tokenized exposure to selected stocks and ETFs. Eligible users can convert between bStocks and corresponding stocks on Binance at a 1:1 rate, with no conversion fees, subject to applicable product conditions.
But a bStock is not the same as directly owning the underlying company's shares.
The format, conversion process, and potential on-chain uses differ from conventional share ownership. The rights attached to the product also matter.
This is why tokenization deserves more than a headline about putting assets on-chain. The structure behind the token is just as important as the technology.
Read the full explanation: https://www.binance.com/en/blog/markets/4864326073677731553
bStocks are subject to eligibility and regional restrictions. This is not financial advice.
#bStocks
That's one of the most important distinctions to understand about bStocks.
bStocks provides tokenized exposure to selected stocks and ETFs. Eligible users can convert between bStocks and corresponding stocks on Binance at a 1:1 rate, with no conversion fees, subject to applicable product conditions.
But a bStock is not the same as directly owning the underlying company's shares.
The format, conversion process, and potential on-chain uses differ from conventional share ownership. The rights attached to the product also matter.
This is why tokenization deserves more than a headline about putting assets on-chain. The structure behind the token is just as important as the technology.
Read the full explanation: https://www.binance.com/en/blog/markets/4864326073677731553
bStocks are subject to eligibility and regional restrictions. This is not financial advice.
#bStocks