Binance to distribute dividends for IBM, AAPL, GLW, and LLY through bStocks

Binance said it will distribute dividends on its tokenized-equity products IBMB, AAPLB, GLWB and LLYB, which track IBM, Apple, Corning and Eli Lilly respectively, after withholding taxes and fees. Net cash dividends will be reinvested into additional whole or fractional units of the same underlying security and paid out in token form, while on-chain holders will receive dividends via multiplier adjustments. Snapshot times are 08:00 on Nov. 10 for IBMB, Nov. 12 for AAPLB, and Nov. 13 for GLWB and LLYB (UTC+8). Binance noted that bStocks represent an interest in securities held by the issuer rather than direct ownership of the underlying shares. The move extends dividend pass-through to tokenized stocks, and the next thing to watch is whether the multiplier adjustments and reinvested payouts match the underlying corporate distributions.