Binance will accept ten bStocks tokenized equity tokens as collateral across its margin trading products starting August 5, 2026, according to an announcement on the exchange's support channel. The tokens eligible for collateral status are BitMine Immersion Technologies, Super Micro Computer, ASML, Netflix, AST SpaceMobile, Coherent, Credo Technology, IREN Limited, USA Rare Earth, and Astera Labs.
The move expands collateral options for users of Binance Cross Margin, Portfolio Margin, and Portfolio Margin Pro. Eligible users will be able to post these tokenized stock positions as backing for margin loans. The corresponding trading pairs will also open for margin trading at the same time, allowing users to go long or short these equities using borrowed capital.
bStocks are Binance's branded tokenized securities issued in partnership with custody and settlement providers. Each token represents a fractional claim on an underlying equity share held in custody, settling in near real-time on blockchain infrastructure rather than through traditional stock exchanges or clearinghouses. The product category allows holders to trade stocks during crypto market hours rather than stock market hours, and to use them in decentralized finance applications that accept tokenized assets.
Tokenized equities have grown in adoption since 2022. Competitors including Upland, Uniswap-backed projects, and other exchanges offer similar wrapped equity products. The collateral feature allows margin traders to post equities as backing for borrowed capital, a category where institutional-grade margin products have become a contested point between crypto and traditional finance regulators.
Binance's margin program already accepted cryptocurrency and stablecoins as collateral. Adding equities broadens the backing pool available to margin traders and creates a mechanism to lock in volatility across asset classes within a single platform. The ten securities Binance selected span semiconductors, entertainment, and space technology sectors, all names with significant trading volume on traditional equity markets.
The announcement carries no detail on collateral haircuts, margin ratios, or borrowing rates that would apply to these new tokens. Haircuts determine how much discount the exchange applies to the collateral value when calculating loan capacity, and they typically vary by asset. Binance has not disclosed whether these tokenized equities will face the same or different haircuts than crypto collateral.
Tokenized equity on-ramps into crypto margin markets also represent a regulatory boundary test. The U.S. Securities and Exchange Commission and Financial Industry Regulatory Authority have not formally approved equity tokenization or its use as collateral in unregistered lending arrangements. Binance operates under money transmitter licenses and does not hold a broker-dealer license, a distinction that may matter if regulators move to examine the margin mechanics.
