Exchanges· ★★★· neutral·

Binance pays $1.88 dividends on tokenized SPYB shares

  • —Payout was $1.88 per SPYB share in additional tokens
  • —SPYB is a BEP-20 token on BNB Smart Chain with 1:1 backing to SPY shares
  • —Underlying shares are held in segregated custody under ADGM FSRA supervision
  • —SPYB/USDT trading was not interrupted during the distribution
Why it matters: Auto-reinvesting dividends into tokens brings on-chain stocks closer to traditional DRIP programs and tests demand for tokenized securities outside brokerage accounts.
#BNB
Source: Crypto Briefing
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