Venus Protocol has opened the first tokenized stocks collateral market on BNB Chain. Users can now supply Binance tokenized stocks — bStocks — into the Venus Core Pool and borrow against them, all while keeping exposure to the underlying stock prices.
How the bStock Collateral Market Works
Eligible users supply bStocks to Venus Core Pool as collateral and can borrow any supported asset, including stablecoins like USDT, USDC, U, and other listed tokens. The system lets holders unlock liquidity without selling their stock market positions. Binance handles the tokenization infrastructure, allowing direct conversion of stock holdings into bStocks at no fee, or purchase on Binance Spot. On-chain secondary market liquidity for bStocks comes via PancakeSwap and Trust Wallet.
Conservative Start, Governance-Controlled Risk
The initial rollout covers a limited set of assets under conservative risk parameters set through Venus governance. Earlier tokenized commodity markets on Venus — such as XAUm for gold — showed demand for real-world asset exposure within DeFi, and the protocol is taking a measured approach with stocks.
Venus Protocol's Track Record and Scale
Founded in 2020, Venus Protocol now supports over 30 assets and reached $2.8 billion in total value locked in 2025. It runs two products: Venus Core for deep liquidity and Venus Flux for capital efficiency. The platform has completed more than 80 audits across leading firms.
The bStock market is live now, with governance expected to decide on expanding the supported assets and adjusting risk parameters in the coming months.
