Binance will reinvest Apple and IBM cash dividends into additional bStocks tokens for eligible holders after tax and fee deductions.
Binance announced it will support cash dividend distributions for Apple (AAPL) and IBM (IBM) via its bStocks platform. Dividends will be reinvested into additional AAPLB and IBMB tokens after withholding taxes, fees, and other deductions are applied.
Eligible users holding AAPLB or IBMB tokens will receive the net dividend amounts in the form of additional fractions of the same underlying securities. The move expands Binance’s dividend distribution capabilities for tokenized stock products.
No immediate market reaction was disclosed in the announcement.