Binance Lists Palantir Tokenized Shares as bStocks AUM Tops $100M
PLTR•Binance added PLTRB, a 1:1 tokenized Palantir share, to its bStocks lineup on June 30, enabling 24/7 trading against USDT and free conversions into direct Palantir positions. This expansion, part of a bStocks suite that topped $100 million in assets under management within 15 days, underscores rising global demand for Palantir exposure.
1. bStocks Expansion Details
On June 30, the exchange expanded its bStocks offering to include PLTRB, a tokenized 1:1 representation of Palantir shares, alongside Microsoft, Meta, Lumentum and the Invesco QQQ Trust. These tokens trade against USDT, allowing continuous access to Palantir equity outside traditional market hours.
2. Features and Conversion
PLTRB holders can convert tokens into direct Palantir stock positions at no cost and benefit from zero maker fees on PLTRB/USDT trades through August 31. Tokenized shares carry automatically reinvested dividends, though they lack voting rights and direct ownership privileges.
3. Rapid Asset Growth
The bStocks platform surpassed $100 million in assets under management just 15 days after launch, reflecting an 18x increase from its first-day AUM of $5.6 million. Early trading data shows strong global demand, with nearly half of volume occurring outside US trading hours, driven largely by fractional trades.
