Клим Самгин

Hello dear friends!
At bStocks there is a technical detail that’s easy to miss: Binance integrates them with the BEP-677 Scaled UI Amount standard. It is designed to work with RWA balances and allows bStocks to be used in DeFi protocols on BNB Smart Chain. In other words, it’s no longer just about trading a token on Binance.
There is another feature as well. During certain corporate events, operations with a specific bStock may be temporarily restricted. Binance separately lists such events, including dividends, stock split, merger, acquisition, and spinoff.
At the same time, the restrictions can differ. For example, when processing a dividend, conversion may be temporarily paused, while for earnings the asset receives a trading restriction rather than necessarily a complete stop.
So with a single bStock you may face a situation where trading is available, but conversion or other operations are temporarily limited. The status depends on which event is currently being processed.
I think it is exactly these kinds of details that best explain how bStocks differ from a regular token: here you have to consider not only the blockchain, but also the events affecting the underlying financial asset.

#bstockscis @BinanceCIS

Greetings, dear friends!
— What’s happening with $SPCXB Why, after 149.57 USDT, did it return to the 139–140 range?
— If you look only at the price, it seems the rally simply pulled back. But I’d look a bit deeper.
— On the daily chart $SPCXB first rose from the 105 USDT area to 149.57, and now it’s around 139.75. At the same time, trading volume after the strong move has noticeably decreased.
— So how is this asset set up in general?
— It’s a tokenized exposure to SpaceX stock. Binance states that bStocks are backed by the corresponding shares 1:1, and the tokens themselves are issued as BEP-20 on BNB Smart Chain.
— So right now, the main thing isn’t to guess the next candle?
— Exactly. I’d watch whether $SPCXB can return above 143–144 USDT and whether a proper volume shows up there. As long as the price is around 139.75, the chart is simply showing a pause after the strong move.
— So SpaceX is interesting not only because of the company’s history, but also because of how its bStock behaves?
— That’s a great question. Because here you can observe both the underlying asset and how its tokenized version trades on Binance 24/7.#bstockscis @BinanceCIS

Greetings, dear friends!
I used to see bStocks rather simply: there is a real share, a token is issued for it, and then we buy that token on Binance.
But who exactly issues a bStock?
There is a separate Mint and Redemption mechanism here. When the underlying share is deposited, an authorized participant can issue the corresponding bStock. In the reverse process, the token is redeemed, and the operation returns to the underlying share.
An ordinary user does not directly interfere with this process. Instead, they already work with a ready-made bStock—for example, on Binance Spot you can buy $TSLAB just like any other spot asset.
So it’s this kind of chain:
real share → authorized participant → issuance of bStock → trading on Spot → user.
And during Redemption everything goes in the opposite direction: the bStock is redeemed, and the process returns to the underlying share.
That means when I buy a single token on Spot, I only see the final part of the entire system. Behind it is a separate mechanism that links the real share to its tokenized version.
#bstockscis @BinanceCIS

Hello, dear friends!
In the previous post, we saw how Dusk brings together EVM, privacy, identity, and infrastructure for regulated finance. Now let’s look at the architecture that connects these pieces.
Dusk is built as a modular system with three key architectural components: DuskDS, DuskEVM, and DuskVM.
DuskDS is the foundation of Dusk L1. It provides consensus, finality, data availability, and settlement, while also supporting two native transaction models: Moonlight and Phoenix.
DuskEVM is an OP Stack-based EVM execution environment. It lets developers run Solidity and Vyper smart contracts using familiar tools such as Hardhat and Foundry. DuskEVM uses DuskDS for settlement and data availability, with $DUSK as its native gas token.
DuskVM is a separate WASM environment for Rust smart contracts that execute directly on Dusk L1. It is designed for protocol-level logic, native transaction models, direct access to L1 assets, privacy-aware applications, and zero-knowledge capabilities.
This gives developers two distinct execution paths: DuskEVM for applications built around Solidity, EVM tooling, wallets, and Ethereum-compatible infrastructure, and DuskVM for logic that needs to run directly on the Dusk L1. DuskDS provides the common foundation for settlement and data availability.
This separation means applications do not have to fit into a single execution model. Developers can choose the environment that matches their needs, while the underlying Dusk infrastructure handles consensus, finality, settlement, and data availability.
That is why Dusk is better understood not simply as another EVM, but as a modular blockchain stack with different execution environments built around a common settlement foundation.
In the next post, we’ll break down Moonlight and Phoenix and see how Dusk combines public and shielded transactions on the same network.

#dusk $DUSK @Dusk

Greetings, dear friends!
I decided to look at bStocks not at the moment of purchase, but at the point when the token has already reached my own BNB Smart Chain wallet.
There is an important nuance here: a bStock remains more than just a BEP-20 token. From a legal perspective, Binance classifies it as a certificate representing a certain financial instrument. BEP-20 is the technical layer, not the legal definition of the asset.
Withdrawing to your own wallet also does not mean that the rules disappear. bStocks remain subject to eligibility requirements, sanctions restrictions, and other product conditions. For DeFi integrators, Binance provides an API that allows them to verify a user's eligibility in a specific jurisdiction.
From there, a different scenario opens up.
BNB Chain lists PancakeSwap for trading and liquidity provision, while Venus and ListaDAO allow supported bStocks to be used as collateral. In other words, a position can not only be bought and held, but also used as collateral within lending infrastructure.
There is also a technical detail: bStocks are integrated with BEP-677 Scaled UI Amount, a standard designed for native RWA support and the handling of fractional values on-chain.
And there is one more point that is particularly important before using an asset on-chain: one underlying asset does not necessarily mean one token. For SpaceX, BNB Chain lists several tokenized representations with different smart contract addresses. So in DeFi, recognizing a familiar ticker is not enough. You need to verify the specific contract.
Ultimately, I find it more useful to think of bStocks not simply as “stocks on the blockchain,” but as financial assets with several layers: certificate → BEP-20 → wallet → DeFi.
The further an asset moves beyond the standard Spot interface, the more important it becomes to understand not only its price, but also which contract you are dealing with, what restrictions apply, and what function the asset performs on-chain.
#bstockscis @BinanceCIS

Greetings, dear friends!

Today we’ll look at how pre-IPO tokens differ from real and synthetic assets, and what bStock is in terms of its legal and technical structure.

BNB Chain identifies tokenized pre-IPO positions as a separate RWA direction. This is on-chain exposure to private companies that have not yet gone public. BNB Chain brings SpaceX, Anthropic, and OpenAI via Paimon Finance, while Colb Finance offers pre-IPO positions in companies from AI, space, and fintech. This is pre-IPO: a private company. bStocks: a public company.

When tokenized shares are involved, there’s another important distinction. There are real assets, and there are synthetic tokens. In the first case, the underlying asset is held by a custodian, like bStocks with stated 1:1 collateral. In the second case, the token merely mirrors the share price via price feeds and derivatives, without the shares themselves. So it’s simple here: either the real asset or a copy of its price.

One more point: bStock is not a typical cryptocurrency. Legally, Binance classifies it as a Certificate Representing Certain Financial Instruments, and technically it is a BEP-20 token on BNB Smart Chain. In other words, legally it’s a certificate, technically it’s a blockchain token. Its structure is defined by offering documents, the regulatory framework, and smart-contract infrastructure.

#bstockscis @BinanceCIS

Hello, dear friends!
I used to think getting into bStocks was pretty simple: you have USDT, find $TSLAB on Spot, and buy it.
But when I started going through Binance’s documentation, I noticed something easy to miss: you don’t have to buy the bStock itself to end up with a bStock.
Let’s say I have some USDT and want exposure to Tesla.
The obvious route is:
USDT → Spot → TSLAB
I simply buy $TSLAB on Spot.
But there’s another route.
I can buy an eligible stock through Binance Stock Trading and turn on Token Conversion before placing the order. Once the order is filled, the stock position is automatically converted into the corresponding bStock. Binance also supports USDT, USDC, USD1, U and BNB for funding stock purchases.
And there’s a third route.
Let’s say I already bought an eligible stock through Binance Stock Trading, but now I want to hold it as a bStock. I don’t need to sell it first and buy the bStock again. Binance allows an eligible stock position to be converted into the corresponding bStock 1:1 with no conversion fee. The reverse conversion is available too.
So the three routes are pretty simple:
Have USDT → buy the bStock on Spot.
Buy the stock → enable Token Conversion → receive the bStock after the order is filled.
Already bought the stock → convert it into the bStock.
That was the part I hadn’t really thought about before.
I was looking at bStocks as something you simply go and buy. But there are actually different ways to arrive at the same bStock position, depending on what you’re doing on Binance.
And that’s a useful detail to know before you start moving money around. Sometimes the simplest route is not to sell one position and buy another. There may already be a direct conversion path.
The more I look into bStocks, the more I notice these small details are often more useful than the big headlines. They show what actually happens to your assets behind the button you’re pressing.

#bstockscis @BinanceCIS

What happens to a dividend if you own only 0.25 of a bStock?

I wanted to understand this because the answer is a little different from what you might expect.

Let’s take Apple.

Apple declared a regular cash dividend of $0.27 per share on April 30, 2026, with a record date of May 11 and a payment date of May 14.

Now imagine I hold 0.25 $AAPLB .

At $0.27 per share, the gross dividend on my 0.25 position would be:

0.25 × $0.27 = $0.0675

So where does that money go?

It doesn’t arrive in my USDT balance.

Binance says a 30% US withholding tax is applied first. That leaves $0.04725 from this example.

And here is the part I found interesting.

The net dividend is automatically reinvested into the underlying stock.

Then the Multiplier adjusts my bStock balance accordingly.

So the process looks like this:

Company pays dividend
↓
30% withholding
↓
net dividend
↓
automatic reinvestment
↓
bStock balance increases

And this isn’t only for whole shares.

Binance says the net dividend is applied to every fraction you hold.

So even with 0.25 $AAPLB , the dividend mechanism still applies to the position you actually hold.

There’s another detail worth knowing: Binance says the net dividend is typically credited ahead of the traditional payment date.

That changed the way I look at dividends in bStocks.

The dividend doesn’t disappear.

It simply comes back in a different form.

Not as USDT.

As a larger bStock position.

Have you ever checked what happens to your dividend after it reaches a bStock?

#bstockscis @BinanceCIS

Hello, dear friends!
My followers asked me in the comments where I get the information for the companies I cover in bStocks.

So today I’ll show how I prepare for a new trading week. It’s Sunday, August 9, and the US market opens again tomorrow.

Let’s take three bStocks: $TSLAB — Tesla, $NVDAB — NVIDIA and $SPCXB — SpaceX.

I always start with the company itself.

Not Telegram. Not someone’s post on X. Not an analyst’s headline. I first open Investor Relations and check what the company has actually told the market.

For example, Tesla reported Q2 production and deliveries on July 2: 451,758 vehicles produced, 480,126 delivered and 13.5 GWh of energy storage deployments. Full Q2 results followed on July 22.

NVIDIA’s next quarterly report is set for August 26. On July 25, NVIDIA also announced an expanded partnership with SK Group involving more than $500B in AI infrastructure and next-generation memory.

SpaceX is especially interesting as a newly public company. Its shares began trading on Nasdaq on June 12 at $135. Its IPO included 638,888,888 shares and raised about $85.7B gross. On August 4, SpaceX released its first Q2 results as a public company.

Then I check the calendar. Next week: CPI on August 12 and PPI on August 13, both at 8:30 ET.

Only then do I open the bStock on Binance: price, volume, 24h change, and most importantly, how price reacts to the news.

Because +2% or -2% alone tells me almost nothing.

My rule is simple:

Fact → market reaction → chart.

Don’t start with the chart.

Start with the company.

#bstockscis @BinanceCIS

The whole idea behind bStocks becomes clear if you look at it not as “crypto-like stocks,” but as a bridge between two financial worlds.
On one side we have:
real shares
with their corporate actions, dividends, splits, and traditional financial infrastructure.
On the other:
blockchain tokens
that you can trade 24/7, hold in a compatible wallet, and use in supported on-chain applications.
And in between them is the bStocks infrastructure.
That’s why when Tesla does a split, bStock must reflect it.
When a user wants to move from a stock position to a tokenized form, there’s a conversion.
When a user wants to stop holding the token on an exchange, there’s a withdrawal to a self-custody wallet.
And when the token enters the blockchain ecosystem, it becomes possible to use it in supported DeFi applications.
That’s the main idea.
Not simply taking a share and calling it a token.
But connecting a traditional financial asset to blockchain infrastructure, while preserving the rules, restrictions, and the economic linkage to the underlying security.
The traditional asset remains linked to the real security paper, and bStock adds to that connection the capabilities of blockchain infrastructure.

#bstockscis @BinanceCIS

Greetings, dear friends!

While studying the official materials @BinanceCIS related to #bStocksCIS , I came across an intriguing detail:
While the NYSE and Nasdaq exchanges are closed, don’t I have a chance to get insider information for trading from news and other public sources.

For example, a company publishes an earnings report on Friday evening or important news over the weekend, when the U.S. stock market is closed.

But bStocks continue trading around the clock.
According to Binance Research, 58% of all bStocks trading volume occurs while U.S. exchanges are closed.

This means that Binance users can read earnings reports, company press releases, SEC documents, and other official announcements without waiting for the NYSE or Nasdaq to open—and react as soon as they make their own decision.

After that, I started looking at 24/7 trading in a completely different way: it’s no longer just the ability to trade around the clock.

It’s the ability to respond to corporate events when the traditional stock market is still not working.
#bstockscis

#bstockscis @BinanceCIS

Greetings, dear friends!

Today I will continue telling you about new opportunities that Binance has provided to us.
Let’s go through only verified facts from official documents:

Binance Research considers tokenized stocks one of the key market directions for RWA through 2030.

In just seven weeks, the capitalization of bStocks exceeded $500 million, and the market share of tokenized stocks surpassed 20%.

From June 8 to July 20, capitalization grew by $451.6 million—this was the largest absolute increase among tokenized stock issuers and accounted for 64% of growth in the entire segment.

Since the launch, bStocks’ capitalization has increased by 4,151%, which, according to Binance Research, reflects strong initial demand for tokenized US stocks.
The first stress test of bStocks took place on June 19, 2026, when the US stock market was fully closed due to the Juneteenth holiday.

The average price spread decreased from 0.13% to 0.11% during the market closure period.

The most liquid bStocks maintained a deviation of less than 0.01%.

The main trading volume during the stress test was concentrated in SPCXB and TSLAB.

Binance Research forecasts the potential growth of the RWA market to $6.78 trillion.

#bstockscis
Greetings, dear friends.
I have studied materials @BinanceCIS for you about #bStocksCIS and would like to tell you, in order, about the most interesting facts:
Binance announced bStocks on June 1, 2026, simultaneously with the launch of trading in U.S. stocks. On June 12, the product became available on Binance Exchange after the issuer’s prospectus was approved by the regulator ADGM FSRA.
bStocks are issued not by Binance, but by BTech Holdings Limited, which is part of the Binance group. Legally, bStocks are classified as Certificates Representing Certain Financial Instruments, not as ordinary shares. Holders receive an economic linkage to the value of the underlying share, but do not become direct shareholders of the company.
Trading of bStocks is available 24 hours a day, 7 days a week. The minimum purchase amount starts at around $5 thanks to fractional ownership. According to Binance, 99.65% of all transactions with TSLAB were fractional, and 88.5% of the total trading volume of this asset came specifically from such purchases. Binance also reports that about 73% of users who came to the stock trading segment are from emerging markets.

Hooray! It’s happened!
The thing we could only dream about, Binance has already turned into reality. Binance has launched bStocks—tokenized shares of the world’s largest companies.
From materials @BinanceCIS to #bStocksCIS , I compiled the most important facts.
Apple, NVIDIA, Tesla, and dozens of other companies are already available.
Buying bStocks happens directly on Binance Spot for USDT. No separate brokerage account is required.
Each bStock is backed by a real share 1:1, which is held with a regulated custodian. After that, a BEP-20 token is issued on the BNB Smart Chain network.
Binance uses a Proof of Collateral mechanism that allows verification of the backing of each bStock.
bStock is not the share itself. Holders do not receive voting rights or other corporate rights of shareholders.
Trading is available 24/7, and thanks to fractional ownership, you can start with roughly 5 USDT.
According to Binance, 99.65% of TSLAB trades were fractional, and 88.5% of the total trading volume came specifically from such purchases.
Tokens can be withdrawn to your own BNB Smart Chain wallet. Dividends are automatically reinvested, and in the event of a Stock Split, the number of bStocks changes automatically.

#bstockscis

You’ve probably noticed how often @BabylonLabs_io has been showing up in your feed lately.
After reading hundreds of posts about the project, I’d like to highlight a few key ideas that, in my view, help you better understand what this little #baby is and how big its potential could be in the future.
For a long time, Bitcoin owners had a choice: simply hold $BTC or move it into DeFi through bridges, wrapped BTC, and custodial services. For the added utility, you had to pay with additional risks and new assumptions about trust. Babylon offers a different approach: Bitcoin stays in its own network, while other blockchains use not the BTC itself, but its economic security.
Trustless Bitcoin Vaults let you use native BTC as collateral, Bitcoin Staking expands the use of its economic security, and mechanisms like co-staking, slashing, and CapPolicy handle reward distribution, security, and steady network growth.
After dozens of posts read under #BABY, I realized one thing: Babylon doesn’t create separate functions. All its components work toward a single goal:
Turning Bitcoin security into infrastructure for other blockchains.
#baby $BABY