Binance launched an interesting product - #BStocks - tokenized securities (tokenized shares of well-known companies - Apple, SpaceX, Amazon, Dell, TSMC, and many others). #BStocks use the BNB Smart Chain blockchain, can be traded around the clock, and support token withdrawals to a compatible crypto wallet. At the same time, it is important to understand: bStock is not the company’s share itself and not direct ownership of it. It is a financial instrument whose value is linked to the corresponding underlying asset.
For example, let’s take tokenized APPLE shares. Here is the price of the bStocks; below is the chart that shows the price of the shares themselves—i.e., we can see that the bStock price of $AAPLB $335 at the moment corresponds to the share price itself.
Each bStock is backed on a 1:1 basis by a real U.S. share. But unlike real shares, you don’t need to buy one APPLE share immediately for $335—instead, you can buy a bStock for an amount starting from $5.
What opportunities do these bStocks offer?
A good opportunity I see is the ability to trade and profit from the price movement of large company stocks without buying the stocks themselves. For example, you’re confident that NVIDIA shares will rise by the end of the month or the year. You can buy a bStock very simply right now for any amount on @Binance_Ukraine , and later sell it for more without needing to take the more complicated path of buying the actual shares.
Also, since bStocks are BNB Smart Chain tokens, you can withdraw them to a compatible crypto wallet—so there’s an option to accumulate these assets in your wallet. Whether it’s worth doing for the long term is something you can decide: you can both make a profit and lose money, because the stock price constantly changes—by itself, accumulating doesn’t guarantee profit.
How to buy tokenized stocks #BStocks
You can buy bStocks on the spot market or through conversion
Go to spot trading and select bStocks on the right.
At first it may not be entirely clear which symbol corresponds to which company, but when you click, a chart opens and a more detailed label appears about what company it is. After that, you can trade them like in regular spot trading.
It’s more clearly visible what exactly these bStocks are in conversion. Here, all the abbreviated bStocks names are labeled right away.
You click on the bottom selector, choose bStocks in the pop-up, and convert your USDT or any other coins into the tokenized shares you select. You can also sell bStocks and get your USDT back.
A logical question may come up—why should I trade these tokenized stocks if there are a lot of cryptocurrencies? And the answer is simple: volatility and company weight. It’s almost unbelievable if the price of NVIDIA shares $NVDAB falls within 5 minutes by 30% or even 50%, like it happens on the cryptocurrency market, so the risks here look much lower, but they still exist, and you need to remember about them.
Risks
If the price of the underlying stock goes down, the value of the corresponding bStock may also decrease. Stock markets can also drop, sometimes quite significantly, so before buying tokenized stocks, you should do at least a basic check of the market conditions and the company whose bStock you plan to buy.