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Binance will distribute dividends for IBM, AAPL, GLW, and LLY via bStocks.

12 minutes ago

According to an official announcement, Binance will distribute dividends in the form of corresponding tokenized securities to users holding balances of IBMB, AAPLB, GLWB, and LLYB. These tokens represent IBM, Apple, Corning, and Eli Lilly respectively. After deducting withholding taxes, fees, and other charges, the net cash dividend will be reinvested into additional units or fractional shares of the same underlying securities, and users will receive their dividends in token form. For users holding the relevant tokens on-chain, dividends will be issued via a multiplier adjustment. The snapshot times (East Eight Zone Time) are as follows: 08:00 on November 10 for IBMB holdings, 08:00 on November 12 for AAPLB holdings, and 08:00 on November 13 for GLWB and LLYB holdings. The announcement notes that bStocks represent the equity interest in the relevant securities held by the issuer, and do not constitute direct ownership of the underlying shares.

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