Binance will distribute Apple and IBM cash dividends to bStocks token holders (AAPLB, IBMB), with net amounts reinvested after fees and withholding taxes.
RWA & Tokenization ·
Binance will process cash dividend distributions for holders of its Apple and IBM tokenized stock products, AAPLB and IBMB, reinvesting the net proceeds after applicable withholding taxes, fees, and costs into additional units or fractions of the same underlying securities. Eligible users will receive their dividends directly in the form of additional bStocks tokens rather than in fiat currency. The exchange announced the support for both distributions, though specific dividend payment dates and exact reinvestment mechanics remain to be detailed in the full announcement. The treatment mirrors standard dividend reinvestment practices, though the tokenized wrapper introduces additional layers of fee deduction and tax withholding that will reduce the final reinvested amount compared to the gross dividend declared by each company.