#BStocks Is Binance a separate company?

No, bStocks is not a separate company.

bStocks is a financial product (tokenized securities) that is fully integrated into the Binance ecosystem.

However, from a legal perspective, these assets have a clear issuance structure:

1️⃣ Issuer: The direct issuer of bStocks tokens is BTech Holdings Limited.

2️⃣ Relationship with Binance: BTech Holdings Limited is an affiliated legal entity that is part of Binance's global group of companies.

3️⃣ Custodian: The actual shares of U.S. companies, which back bStocks tokens 100% (on a 1:1 basis), are held by a third-party regulated custodian (securities custodian).

👉 Thus, for you as a user, bStocks is an internal service and trading pairs on the Binance platform, but legally they are structured through a related subsidiary to comply with regulatory requirements.
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