Venus Protocol launches tokenized stock lending on BNB Chain

DeFi protocol Venus Protocol has announced the launch of a lending service on the BNB Chain that accepts tokenized stocks (bStocks) as collateral. The new service allows users to deposit on-chain versions of U.S. stock assets, such as Tesla (TSLAB), Nvidia (NVDAB), and an S&P 500 index-tracking ETF, into the Venus Core Pool. This enables them to borrow stablecoins like USDT and USDC without selling their holdings, thereby maintaining exposure to any potential price appreciation in the underlying stocks.