Binance now lets eligible users convert select US stocks into tokenized bStocks and back again, free and instant in either direction. The product has drawn over $500 million in assets under management by July 28, 2026 and sits inside a regulatory structure approved by Abu Dhabi's Financial Services Regulatory Authority.
Binance now lets eligible users swap select US stocks for tokenized versions called bStocks at a 1:1 ratio, and swap them back again. The exchange designed the process to be free, instant and reversible.
How the conversion works
bStocks are BEP-20 tokens issued on BNB Smart Chain, and each one is meant to provide 1:1 economic exposure to a US-listed equity, with the underlying shares held by a regulated custodian. Conversion runs through the Binance wallet and is available 24/7, so once a share becomes a bStock, it can trade on Binance spot markets around the clock. Users can also withdraw bStocks to compatible wallets for use in DeFi, covering lending, borrowing and trading apps that run on blockchain code rather than through a bank or broker.
Growth since launch
Binance launched bStocks on June 11, 2026, and assets under management passed over $100 million shortly after launch. By July 28, 2026, that figure had exceeded $500 million. New bStock listings began trading on September 30, 2026, including ADBEB, FWDIB and HPEB, and Binance highlighted the two-way conversion in a post on October 5, 2026.
The product also sits within a structure approved by the Financial Services Regulatory Authority of Abu Dhabi Global Market, and bStocks are among the first tokenized securities admitted to the FSRA Official List. Binance addresses collateral transparency with a Proof of Collateral page meant to show the backing behind bStocks.
The free, instant conversion in both directions should help keep a bStock closely tied to the value of its underlying share. But the model depends on the custodian holding the shares as promised and on the Proof of Collateral data staying accurate, and users take on the usual crypto risks once tokens leave the exchange, including smart contract bugs and wallet security.
Source: Crypto Briefing
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