Binance has added five new tokenized stocks to its bStocks platform, while hinting at an upcoming SpaceX-linked product. The move deepens the exchange’s push into real-world asset tokenization, offering blockchain-based exposure to major companies.
On June 11, Binance launched trading pairs for Circle, Nvidia, Tesla, Micron, and SanDisk under the tickers CRCLB, NVDAB, TSLAB, MUB, and SNDKB. These bStocks are issued by BTech Holdings Limited, a Binance affiliate, and represent certificates tied to underlying shares rather than direct ownership. Holders do not receive voting rights or shareholder benefits, but the tokens can be converted 1:1 into traditional stocks without fees.
The exchange also teased a future token for SpaceX, designated as SPCXB. No launch date was provided, but the announcement comes as SpaceX eyes a significant public listing. Reports suggest the aerospace company aims for a $75 billion IPO with a valuation near $1.75 trillion. Up to 20% of shares could be reserved for retail investors, while international allocations may remain below 10%.
Interest in SpaceX’s debut has been robust, though the company faces a lawsuit alongside xAI, Elon Musk’s artificial intelligence venture. Former engineer Devin Kim alleges he was fired after pushing for stronger safety measures in Grok, xAI’s chatbot. The case, filed in California, seeks damages and other remedies. Despite the legal cloud, investor confidence stays high. Oppenheimer has issued an outperform rating and a $190 price target for SpaceX, exceeding the expected IPO price of $135.
Binance’s expansion into tokenized stocks reflects a broader trend of merging traditional finance with blockchain technology, appealing to crypto traders seeking diversified exposure.