Binance to introduce US stock trading, plans 'bStocks' tokenization service

Binance is introducing trading services for over 7,000 U.S. stocks and ETFs as part of its "Super App" strategy and plans to launch a tokenized stock service called "bStocks," Fortune reported. Co-CEO Richard Teng stated that while U.S. stocks account for more than half of the global market, they remain costly and cumbersome for overseas investors. He added that Binance aims to solve this for non-U.S. customers by offering zero-fee, fractional trading starting from $5. The stock trading will be facilitated by broker-dealer Nest Trading, with custody and dividend payments handled by New York-based financial firm Alpaca. Users will be able to trade stocks using USDT, USDC, and BNB. In the future, the company plans to launch its own tokenized stock program, "bStocks," which will allow users to convert their purchased shares into digital tokens on the BNB Chain. Binance emphasized that "bStocks" will serve as a bridge connecting stocks to programmable cryptocurrencies, enabling their use in DeFi for activities like lending and liquidity provision.