bStocks
On-chain AUM$546.34m
Platform totals
Live assets36
Chains1
DeFi TVL$9.98m
DeFi TVL / AUM1.83%
Confirmed attestations36 / 36
Primary accessPermissionless (36)
Totals for filtered assets
36
$84.72m
$546.34m
$9.98m
1
| Name | Asset Group | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 SpaceX Tokenized bStocksSPCXB | Public Equities | $140.72 | $69.17m | $69.17m | $942,710 | 1.36% | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||
 Tesla Tokenized bStocksTSLAB | Public Equities | $353.13 | $15.56m | $15.56m | $497,539 | 3.2% | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||
 Circle Internet Group Tokenized bStocksCRCLB | Public Equities | $94.35 | $87.06m | $1.54m | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Strategy Tokenized bStocksMSTRB | Public Equities | $137.01 | $48.04m | $146,837 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 SanDisk Tokenized bStocksSNDKB | Public Equities | $1,471.34 | $43.56m | $185,819 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Micron Technology Tokenized bStocksMUB | Public Equities | $919.16 | $38.8m | $193,097 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 SK Hynix Tokenized bStocksSKHYB | Public Equities | $162.2 | $34.1m | $71,856 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Invesco QQQ Trust Tokenized bStocksQQQB | Equity ETF | $719.4 | $29.39m | $2.06m | bStocks | ETFs | Equity ETF | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Alphabet Tokenized bStocksGOOGLB | Public Equities | $341.03 | $25.22m | $281,338 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 SPDR S&P 500 ETF Trust Tokenized bStocksSPYB | Equity ETF | $769.44 | $21.99m | $2.07m | bStocks | ETFs | Equity ETF | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Roundhill Memory ETF Tokenized bStocksDRAMB | Equity ETF | $56.15 | $18.01m | $25,267 | bStocks | ETFs | Equity ETF | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Coinbase Tokenized bStocksCOINB | Public Equities | $192.25 | $15.71m | $11,218 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Intel Tokenized bStocksINTCB | Public Equities | $91.35 | $13.1m | $20,704 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 NVIDIA Tokenized bStocksNVDAB | Public Equities | $225.24 | $12.61m | $818,961 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Nebius Tokenized bStocksNBISB | Public Equities | $218.22 | $8.97m | $44,359 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Meta Tokenized bStocksMETAB | Public Equities | $574.01 | $8.59m | $191,001 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Direxion Daily Semiconductor Bull 3X Shares Tokenized bStocksSOXLB | Equity ETF | $121.23 | $7.4m | $79,839 | bStocks | ETFs | Equity ETF | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Marvell Technology Tokenized bStocksMRVLB | Public Equities | $244.36 | $7.37m | $317,166 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Applied Optoelectronics Tokenized bStocksAAOIB | Public Equities | $111.87 | $5.03m | $4,490 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 TSMC Tokenized bStocksTSMB | Public Equities | $425.29 | $3.93m | $0 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Broadcom Tokenized bStocksAVGOB | Public Equities | $368.35 | $3.76m | $100,920 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Lumentum Tokenized bStocksLITEB | Public Equities | $922.33 | $3.43m | $9,770 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes | |||||
 Advanced Micro Devices Tokenized bStocksAMDB | Public Equities | $478.47 | $3.12m | $112,059 | bStocks | Stocks & Equities | Stock Backed | Permissionless | Asset | RWA | BTECH Holdings Limited | Yes | Yes | Yes | Yes | Yes | Yes |
About bStocks
bStocks are tokenized certificates over selected U.S. stocks and ETFs, issued by BTech Holdings Ltd, a special purpose vehicle incorporated in the Abu Dhabi Global Market (ADGM) and part of the Binance group. The product launched on Binance in June 2026 after the ADGM Financial Services Regulatory Authority approved the issuer's prospectuses; each bStock is a BEP-20 token on BNB Chain backed 1:1 by the underlying share held with custodian Alpaca. Tokens can be held on Binance, withdrawn to self-custody and used in supported DeFi applications, but the offer is made only in the ADGM, U.S. persons are prohibited under Regulation S, and transfer restrictions with freeze capability are embedded in the token contract.
Profile
- Founded
- 2026
- Headquarters
- Abu Dhabi, United Arab Emirates
- Primary chain
- BSC
- Oracle
- Binance Proof of Collateral (aggregate bStocks family dashboard); BTECH segregated custody attestation under ADGM FSRA rules
Economics & revenue
Mint fee0 bps
Redemption fee0 bps
Float incomeNo
Revenue confidenceIssuer-Disclosed
Fees last verified2026-07-20
Attestations & milestones
- 2026-06bStocks Conversion Terms v1.0 effective (Jun 11)
- 2026-06admitted to trading on Binance (Jun 12) with first five listings (CRCLB, MUB, NVDAB, SNDKB, TSLAB) after FSRA prospectus approval
- 2026-07line-up expanded to 36 tokenized stocks and ETFs
Revenue methodology & documents
Revenue model: Hybrid - zero-fee 1:1 mint/redeem conversion; revenue from trading fees and embedded spread/FX on the underlying shares leg (Nest Trading) and Binance exchange trading fees
Verification method: Binance official PR (2026-06-12) and the bStocks Conversion Product Terms PDF on binance.com
Conversion Terms state Nest Trading charges no fee for share-to-token or token-to-share conversion; fees, embedded spreads and FX charges apply on the securities trading leg per the Securities Trading Fee Schedule. Dividends and corporate actions pass through to holders (subject to U.S. withholding tax).
Issuer registry, regulation & leadership
Founders and leadership
Richard Teng (Co-CEO, Binance); no dedicated BTech Holdings leadership disclosed
Regulatory status
Issuer prospectuses approved by ADGM Financial Services Regulatory Authority (FSRA); bStocks classified as Certificates under paragraph 92, Schedule 1 of ADGM FSMR. Distribution via Nest Trading Limited (FSRA FSP 260000), Nest Exchange Limited (Recognition Order 0072) and Nest Clearing and Custody Limited. Not registered under the U.S. Securities Act; offered outside the U.S. under Regulation S.
Entity structure
Issuer: BTech Holdings Ltd (SPV, ADGM). Manager/tokenizer: BTech Services Limited (ADGM). Conversion counterparty and redemption agent: Nest Trading Limited (ADGM, Abu Dhabi). Exchange: Nest Exchange Limited; clearing/CSD: Nest Clearing and Custody Limited (both ADGM, Binance group). Underlying U.S. shares custodied with Alpaca in an omnibus account.