Binance distributes $1.88 SPYB dividends to Spot Wallet holders

SPYB: SPYB is the specific bStock token representing economic exposure to the SPDR S&P 500 ETF (SPY), backed 1:1 by underlying shares held in regulated custody. It trades on Binance as a BEP-20 token and allows holders to receive dividends through automatic reinvestment into additional SPYB units. The news confirms that eligible SPYB holders from the September 18, 2026 snapshot have received their SPY dividend distribution. bStock: bStock is Binance's product line of tokenized securities that provide 1:1 exposure to underlying U.S.-listed stocks and ETFs, issued as BEP-20 tokens by affiliate BTech Holdings Limited. These tokens trade on Binance Spot with 24/7 availability and support automatic handling of corporate actions such as dividend reinvestment. The current announcement highlights bStock's role in delivering SPY dividends to holders of the related SPYB token. Binance: Binance is a leading global cryptocurrency exchange that offers spot trading, derivatives, and tokenized asset products. It recently introduced bStocks as a way for users to gain 1:1 economic exposure to select U.S. equities and ETFs through BEP-20 tokens on BNB Smart Chain. In this news, Binance is facilitating the distribution of SPY dividends directly to SPYB token holders via its Spot Wallet. Product Feature: bStocks automatically reinvest underlying cash dividends into additional units or fractional shares of the same tokenized security after applicable deductions. Distribution Process: On-chain SPYB holders receive dividend adjustments through a multiplier mechanism, while spot wallet users see additional SPYB credited directly.