A genuinely useful step toward tokenized US stocks isn’t just listing a few more tickers—it’s whether they can be used as collateral.

According to the official announcement (as relayed by PANews / ChainCatcher on Sept 21): Binance has expanded the eligibility for using bStocks as leveraged collateral to all users’ full-margin leveraged accounts and unified margin accounts. Previously, it was basically an exclusive play for VIP 3 and above.

The hard threshold is still there—don’t treat it as a free lunch:

1️⃣ Regular users, VIP 1, VIP 2: Before using bStocks as collateral or engaging in bStocks leveraged trading, you must first pass the suitability assessment questionnaire.

2️⃣ Account risk exceeds the threshold: Limit further deposits of bStocks, restrict buying/borrowing low-liquidity assets, restrict opening new futures (only allow reducing positions), and suspend automatic top-ups of bStocks and low-liquidity assets. After the risk returns to the safe line, the restrictions on automatic measures will be lifted.

3️⃣ VIP 3 and above: not subject to the additional risk-control constraints mentioned above (regional eligibility, haircut, and margin rate remain unchanged)

The media also relayed that: starting in June 2026, within less than 90 days the cumulative trading volume broke the $30 billion mark. The figures are kept as background and no trading calls are made.

My take: the next layer of competition for tokenized stocks is to embed margin accounts—using the same set of risk controls as $USDT positions. “Opening” doesn’t mean blind leverage; the real threshold is the collateralization ratio and liquidation rules.

#bStocks #币安 #RWA #代币化股票 #margin

This does not constitute investment advice.