Binance enables 1:1 conversion between stocks and bStocks

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 process is designed to be free, instant and reversible.

How the conversion works

bStocks are BEP-20 tokens issued on BNB Smart Chain, the blockchain network associated with Binance. BEP-20 is simply the token standard on that chain, the technical rulebook that lets wallets and apps recognize and handle these tokens.

Each bStock is meant to provide 1:1 economic exposure to a US-listed equity. The underlying shares are held by a regulated custodian.

Conversion runs through the Binance wallet and is available 24/7. Traditional stock markets keep set hours and take weekends off. 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 decentralized finance, or DeFi. DeFi covers lending, borrowing and trading apps that run on blockchain code rather than through a bank or broker.

The numbers so far

Binance launched bStocks on June 11, 2026. 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.

Binance then highlighted the two-way stock-to-bStock conversion in a post on October 5, 2026.

The regulatory and transparency setup

Binance addresses collateral transparency with a Proof of Collateral page, meant to show the backing behind bStocks.

The product also sits within a structure approved by the Financial Services Regulatory Authority of Abu Dhabi Global Market, known as ADGM FSRA. bStocks are among the first tokenized securities admitted to the FSRA Official List.

What this means

The 1:1 conversion is free and instant in both directions, which should help keep a bStock closely tied to the value of its underlying share. If the two drifted apart, the conversion route gives users a straightforward path back to the real thing.

For users, the practical upside is flexibility. Someone can hold a stock in standard form, convert it to trade on a Saturday, then convert back when they want traditional exposure again.

There are real risks to watch. The whole model depends on the custodian holding the shares as promised and on the Proof of Collateral data staying accurate and current. Users also take on the usual crypto considerations once tokens leave the exchange. Smart contract bugs, wallet security and the reliability of DeFi apps all come into play.