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Binance has distributed IBM bStock (IBMB) dividends to eligible users' Spot Wallets, paying $1.69 per share in additional IBMB tokens to holders who held before 10 Nov 2026. The payout marks a operational milestone for Binance's tokenized-equity bStocks product, which issues on-chain representations of traditional shares. It matters because tokenized stocks must replicate corporate actions like dividends to remain credible versus holding the underlying equity directly. Watch for whether Binance extends bStocks dividends to more listed companies and how secondary-market pricing of IBMB tracks IBM's regular shares after the distribution.

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