Trust Wallet, a self-custody crypto wallet, has announced support for bStocks, giving users direct access to tokenized US securities on BNB Chain through a self-custodial experience.
Eligible users can now access tokenized securities 24/7 directly from their wallet, with no traditional brokerage account required.
At launch, five tokenized US securities are available: TSLAB (Tesla), CRCLB (Circle Internet Group), MUB (Micron Technology), SNDKB (SanDisk Corporation), and NVDAB (NVIDIA), with more assets to follow.
Users can swap into bStocks directly within Trust Wallet using USDT.
Tokenized securities composable across BNB Chain’s DeFi ecosystem
bStocks are tokenized securities on BNB Chain that deliver economic exposure to US-listed equities, including price movements, dividends, and stock splits, processed automatically with no action required by the user.
From day one, users can put their bStocks to work across BNB Chain’s DeFi ecosystem, including lending on Venus and Lista DAO and trading on PancakeSwap and Aster, while continuing to earn dividends on the underlying security. No KYC is required, in line with Trust Wallet’s self-custodial infrastructure.
“Stocks are one of the most popular financial assets in the world, and yet for too many people, the barriers to accessing them are still enormousm,” said Felix Fan, CEO of Trust Wallet.“bStocks on Trust Wallet is a meaningful step toward removing those barriers – direct access to tokenized U.S. securities, 24/7, self-custodied, and composable across DeFi. And this is just the beginning, bStocks won’t be the last step in that direction.”
bStocks marks Trust Wallet’s latest expansion into real-world assets onchain, as tokenized equities and other traditional financial instruments continue to move onto public blockchains.
Featured image via Shutterstock.
