I again stopped at one phrase about bStocks — “settlements are slow, like on traditional markets.”
But the more I looked at the mechanics, the less it matched what is actually happening.
Trading and settlement here happen continuously.
There is no familiar T+1 or T+2 wait from the brokerage market, when the trade has already happened but the final delivery of the asset comes later. In this sense, the comparison with traditional markets looks almost reversed.
But this is where the interesting part begins.
bStock is not an ordinary stock moved onto the blockchain.
It is a certificate product operating under ADGM/FSRA rules.
Therefore, continuous trading and settlement do not mean that we are looking at an ordinary brokerage account with the same legal rights.
This, it seems, is where the real trade-off lies.
On one side — continuous trading without the familiar T+1/T+2.
On the other — the instrument itself has a different regulatory status: bStock remains a certificate, not a listed stock.
Hmm. So it seems the question here is not really whether settlement is fast or slow. Rather, what seems interesting is this: how much does the perception of the instrument change when, in terms of how quickly it moves, it feels like a modern on-chain asset, while legally it remains a certificate with a completely different structure?
#bStocksCIS @BinanceCIS #bstockscis
But the more I looked at the mechanics, the less it matched what is actually happening.
Trading and settlement here happen continuously.
There is no familiar T+1 or T+2 wait from the brokerage market, when the trade has already happened but the final delivery of the asset comes later. In this sense, the comparison with traditional markets looks almost reversed.
But this is where the interesting part begins.
bStock is not an ordinary stock moved onto the blockchain.
It is a certificate product operating under ADGM/FSRA rules.
Therefore, continuous trading and settlement do not mean that we are looking at an ordinary brokerage account with the same legal rights.
This, it seems, is where the real trade-off lies.
On one side — continuous trading without the familiar T+1/T+2.
On the other — the instrument itself has a different regulatory status: bStock remains a certificate, not a listed stock.
Hmm. So it seems the question here is not really whether settlement is fast or slow. Rather, what seems interesting is this: how much does the perception of the instrument change when, in terms of how quickly it moves, it feels like a modern on-chain asset, while legally it remains a certificate with a completely different structure?
#bStocksCIS @BinanceCIS #bstockscis