Binance just listed 7,000+ US stocks for non-US users.
Everyone's focused on the wrong number.
The stock trading itself is a white-labeled brokerage running on Nest and Alpaca. Any fintech could ship the same thing tomorrow.
What's worth watching is bStocks: self-issued tokenized equities on BNB Chain that settle almost instantly and can be used as collateral across DeFi.
Here's what decides whether bStocks actually matters. When you hold one, do you own the underlying share, or do you just get exposure to its price?
When Binance ran tokenized stocks through Ondo in February, those tokens came with no voting rights. bStocks will be issued offshore through ADGM and still need regulatory approval.
When the terms drop, skip the ticker count and read the rights language. That's where the answer is.
Everyone's focused on the wrong number.
The stock trading itself is a white-labeled brokerage running on Nest and Alpaca. Any fintech could ship the same thing tomorrow.
What's worth watching is bStocks: self-issued tokenized equities on BNB Chain that settle almost instantly and can be used as collateral across DeFi.
Here's what decides whether bStocks actually matters. When you hold one, do you own the underlying share, or do you just get exposure to its price?
When Binance ran tokenized stocks through Ondo in February, those tokens came with no voting rights. bStocks will be issued offshore through ADGM and still need regulatory approval.
When the terms drop, skip the ticker count and read the rights language. That's where the answer is.
https://x.com/Defi_Warhol/status/2061382232686891264
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