Binance to Distribute IBM, AAPL, GLW, and LLY Dividends via bStocks

According to TechFlow, on November 06, per the official announcement, Binance will distribute dividends of the corresponding tokenized securities to users holding IBMB, AAPLB, GLWB, and LLYB balances. These tokens represent IBM, Apple, Corning, and Eli Lilly, respectively. After deducting withholding taxes, fees, and other charges, net cash dividends will be reinvested into additional units or fractional shares of the same underlying securities, and users will receive dividends in token form. For users holding the relevant tokens on-chain, dividends will be credited through multiplier adjustments.

Snapshot times (UTC+8) 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 states that bStocks represent the rights to the relevant securities held by the issuer, not direct ownership of the underlying shares.

Source: TechFlow