CONVERSION ≠ SELLING.
This is another bStocks detail that’s easy to miss.
When you sell a bStock, you exit your position through the market.
But conversion is a different operation.
A bStock can be converted back into the corresponding stock on a 1:1 basis.
So:
SELL → you sell your position to another market participant.
CONVERT → you change the form of the asset.
This is where tokenization becomes more interesting than just a “stock on the blockchain.”
You can have the same economic exposure, but use different asset representation forms.
And an important nuance: conversion may be temporarily paused during certain corporate actions or technical maintenance.
So I’d look at bStocks not only as a way to buy a stock.
A more interesting question:
HOW EASY IS IT TO CHANGE THE FORM OF THIS ASSET?
#bstockscis @BinanceCIS $TSLAB
This is another bStocks detail that’s easy to miss.
When you sell a bStock, you exit your position through the market.
But conversion is a different operation.
A bStock can be converted back into the corresponding stock on a 1:1 basis.
So:
SELL → you sell your position to another market participant.
CONVERT → you change the form of the asset.
This is where tokenization becomes more interesting than just a “stock on the blockchain.”
You can have the same economic exposure, but use different asset representation forms.
And an important nuance: conversion may be temporarily paused during certain corporate actions or technical maintenance.
So I’d look at bStocks not only as a way to buy a stock.
A more interesting question:
HOW EASY IS IT TO CHANGE THE FORM OF THIS ASSET?
#bstockscis @BinanceCIS $TSLAB
