Binance will support dividend distributions for tokenized TSM and Salesforce stocks via bStocks.
RWA & Tokenization ·
Binance announced it will support cash dividend distributions for holders of tokenized stocks TSMB and CRMB, representing Taiwan Semiconductor Manufacturing Company Limited and Salesforce respectively, through its bStocks offering. The dividends will be automatically reinvested into additional units or fractions of the underlying securities after withholding taxes, fees, and other deductions.
The mechanism treats dividend payouts as a reinvestment process rather than a cash redemption. Eligible users holding either tokenized stock will receive dividends in the form of additional TSMB or CRMB tokens corresponding to their position. This approach maintains token holdings within the bStocks ecosystem while preserving the economic benefit of dividend distributions.
The announcement does not specify timing for the dividend distributions, the yield amounts, or whether this applies to both upcoming distributions or is a one-time arrangement. Details on how withholding tax rates will be calculated or which jurisdictions face particular deductions remain unclear.