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What is GE Vernova Inc Tokenized bStocks (GEVB)?

Quick Facts

  • Token symbol: GEVB
  • Blockchain: BNB Smart Chain (BEP-20)
  • Issuer: BTech Holdings Limited, a Binance group affiliate
  • Backing: 1:1 by GE Vernova Inc shares at a regulated US broker-custodian
  • Trading: 24/7 on Binance Spot Market with zero conversion fees
  • Regulatory approval: Issued under an Approved Prospectus in Abu Dhabi Global Market (ADGM)
  • Use cases: Spot trading, margin collateral, DeFi applications

Introduction

GEVB is a tokenized bStock that brings GE Vernova Inc equity exposure onto the blockchain. It tracks the price of GE Vernova shares and grants holders economic benefits including price appreciation and dividend adjustments — all without leaving the crypto ecosystem.

As a BEP-20 token on BNB Smart Chain, GEVB can be held in self-custody wallets, traded around the clock, and deployed across supported DeFi protocols.

History & Background

The bStocks program was launched by Binance in June 2026, introducing 1:1-backed tokenized U.S. securities on BNB Chain. GEVB, representing GE Vernova Inc — the power and electrification business spun out of General Electric in 2024 — was listed on Binance Spot on October 28, 2026, alongside four other new bStocks.

At the same time, Binance added GEVB as eligible collateral for Cross Margin, Portfolio Margin, and Portfolio Margin Pro accounts.

How GE Vernova Inc Tokenized bStocks Works

Every GEVB token is minted by smart contracts on BNB Smart Chain against an actual GE Vernova share held in custody. The issuer's Special Purpose Vehicle (SPV) purchases and ring-fences the underlying equity at a regulated US broker-custodian.

A built-in rebase mechanism automatically handles dividends and stock splits, ensuring token holders receive equivalent economic adjustments without manual airdrops. A daily Proof of Collateral is published on-chain, allowing anyone to verify that every token in circulation is fully backed.

Tokenomics

GEVB tokens are minted on demand when users convert eligible GE Vernova share positions into on-chain tokens at a 1:1 ratio with zero conversion fees. Tokens are burned upon redemption back into the underlying share. This elastic supply model ensures the token supply always reflects actual custodied shares.

Dividend adjustments are handled automatically through the rebase mechanism, distributing economic value directly to token balances.

Circulating Supply ? 1,535 GEVB
Total supply ? 1,535 GEVB
Max supply ? -- GEVB
Updated 5h ago

Ecosystem & Use Cases

  • 24/7 spot trading on Binance and BNB Chain-compatible DEXs like PancakeSwap
  • Margin collateral for Cross Margin and Portfolio Margin accounts on Binance
  • DeFi integrations with protocols such as Venus, Lista DAO, and Aster
  • Self-custody via Binance Wallet, Trust Wallet, and other BSC-compatible wallets

Team, Governance & Community

GEVB is issued by BTech Holdings Limited, a Binance group affiliate registered in the Abu Dhabi Global Market. The token operates under a prospectus approved by ADGM's Financial Services Regulatory Authority (FSRA), providing an institutional-grade regulatory framework. Binance acts as the Recognised Investment Exchange with market surveillance.

Governance and compliance decisions rest with BTech and Binance as the issuing and trading entities.

Advantages

  • 24/7 market access: Trade GE Vernova exposure any time, unlike traditional stock exchanges
  • Full backing: Every token is secured 1:1 by a real share at a regulated US custodian
  • Near-instant settlement: On-chain transactions settle in under a second
  • Zero conversion fees: Move freely between bStocks and underlying shares at no cost
  • DeFi composability: Use GEVB as collateral or in liquidity protocols
  • Self-custody: Withdraw tokens to any BSC-compatible wallet for full asset control

Risks & Challenges

  • Regulatory risk: Availability is restricted by applicable laws; not all users in all jurisdictions can access GEVB
  • Price deviation: Prices may trade above or below the underlying share, especially outside regular market hours
  • Counterparty risk: Backing depends on BTech Holdings and the regulated custodian operating correctly
  • Legal nature: GEVB is a certificate, not a direct share; holders do not receive voting rights in GE Vernova
  • Smart contract risk: As with all on-chain tokens, bugs or exploits in the contracts carry inherent risk

Long-Term Vision

GEVB is part of Binance's broader push to bridge traditional financial markets with decentralized infrastructure. The bStocks program aims to make global equities accessible to crypto-native users around the clock, with DeFi composability as a key differentiator. As the Real-World Asset (RWA) sector matures, tokenized equities like GEVB represent a growing bridge between on-chain liquidity and traditional capital markets.

Frequently Asked Questions

GEVB is a tokenized bStock on BNB Smart Chain that provides 1:1 economic exposure to GE Vernova Inc (NYSE: GEV). It is issued by BTech Holdings Limited, a Binance group affiliate, under a regulatory-approved prospectus.

GEVB is issued by BTech Holdings Limited, a Binance group affiliate based in the Abu Dhabi Global Market. The token's prospectus is approved by ADGM's Financial Services Regulatory Authority (FSRA).

Yes, each GEVB token is backed 1:1 by an actual GE Vernova share held at a regulated US broker-custodian. A daily Proof of Collateral is published on-chain to verify the backing.

Eligible users can convert GEVB tokens back to the corresponding underlying equity on Binance at a 1:1 ratio with zero conversion fees, subject to applicable laws and eligibility requirements.

No. GEVB is legally a certificate providing economic exposure, not a direct share. Holders do not receive voting rights in GE Vernova Inc.

GEVB uses a built-in on-chain rebase mechanism that automatically adjusts token balances to reflect dividends and stock splits. No manual airdrops are required.

GEVB is listed on Binance Spot Market and can also be traded on BNB Chain-compatible DEXs. It can additionally be used as collateral in Binance Cross Margin and Portfolio Margin accounts.

GE Vernova is a power and electrification company spun out of General Electric in 2024. It focuses on grid infrastructure and data-center electricity demand, and is traded on the NYSE under the ticker GEV.