What is Zoom Tokenized bStocks (ZMB)?
Quick Facts
- Ticker: ZMB
- Blockchain: BNB Smart Chain (BEP-20)
- Issuer: BTECH Holdings Ltd, a Binance group affiliate
- Backing: 1:1 backed by real Zoom (ZM) shares held by a regulated custodian
- Regulator: Admitted to ADGM FSRA's Official List of Securities
- Trading: Available 24/7 on Binance Exchange
- Corporate actions: Dividends and stock splits handled automatically on-chain
Introduction
ZMB is the tokenized representation of Zoom Video Communications stock on BNB Smart Chain. It is part of the bStocks ecosystem — a Binance-native platform that brings U.S.-listed equities on-chain as fully backed digital tokens.
ZMB allows eligible users worldwide to gain economic exposure to Zoom shares without the constraints of traditional stock market hours.
History & Background
Binance launched the bStocks platform in 2026, following regulatory approval from the Abu Dhabi Global Market's Financial Services Regulatory Authority (FSRA). The initiative was designed to bridge traditional equity markets with blockchain-based 24/7 trading.
ZMB was introduced as part of a second wave of bStocks listings, expanding the product beyond the initial five equities to include companies like Zoom, Adobe, and Hewlett Packard.
How Zoom Tokenized bStocks Works
Each ZMB token is minted by smart contracts on BNB Smart Chain at a strict 1:1 ratio against a real Zoom share purchased and held by BTECH Holdings' special purpose vehicle (SPV). The underlying shares are ring-fenced, segregated, and reconciled daily against total token supply.
A daily Proof of Collateral mechanism verifies on-chain that every token is fully backed. Users can convert between the underlying equity and ZMB at no fee through Binance's broker-dealer, Nest Trading Limited, with Alpaca Securities handling clearing and custody.
Tokenomics
ZMB follows a fully collateralized model — tokens are only minted when a corresponding real share is placed into custody, and tokens are burned upon redemption. This design keeps the token's value tightly anchored to the price of Zoom stock.
A built-in rebase mechanism automatically adjusts token balances to reflect dividends and stock splits, so holders maintain continuous and accurate exposure without manual intervention.
|
Circulating Supply
| 4,095 ZMB |
|---|---|
|
Total supply
| 4,095 ZMB |
|
Max supply
| -- ZMB |
Ecosystem & Use Cases
As a standard BEP-20 token, ZMB is compatible with the broad BNB Chain ecosystem. Users can:
- Trade ZMB/USDT on Binance Spot 24/7
- Self-custody tokens in wallets such as Binance Wallet and Trust Wallet
- Deploy tokens across DeFi protocols including Venus, Lista DAO, PancakeSwap, and Aster
- Use ZMB as collateral in cross-margin and unified account trading on Binance
Team, Governance & Community
ZMB is issued by BTECH Holdings Ltd, a Binance group affiliate incorporated in the Abu Dhabi Global Market. The broader bStocks program is governed under ADGM's regulatory framework, with Binance Exchange acting as a Recognised Investment Exchange providing institutional-grade market surveillance.
Advantages
- 24/7 trading: No restriction to traditional stock market hours
- Full backing: Every token is 1:1 backed by a real, custodied share
- DeFi composability: BEP-20 standard enables use across lending, liquidity, and collateral applications
- Automatic corporate actions: Dividends and splits are handled seamlessly on-chain
- Regulated framework: Issued under ADGM FSRA oversight
Risks & Challenges
- Geographic restrictions: Not available to U.S.-based users due to regulatory requirements
- Counterparty risk: Users rely on BTECH Holdings and Binance's custodial infrastructure
- Not direct equity ownership: bStocks are certificates, not direct shares, and do not confer shareholder voting rights
- Regulatory evolution: The tokenized securities space is subject to changing regulatory landscapes globally
- Underlying stock risk: ZMB's value is tied to Zoom's equity performance, including market and business risks
Long-Term Vision
ZMB represents a broader movement toward the tokenization of real-world assets (RWA), where blockchain rails replace legacy settlement infrastructure. The bStocks platform aims to progressively expand its list of tokenized equities and deepen DeFi integrations, working toward a future where any investor can access global markets on-chain, around the clock, with full self-custody.
Frequently Asked Questions
- What is ZMB?
ZMB is a BEP-20 token on BNB Smart Chain that represents a tokenized version of Zoom Video Communications stock. It is issued by BTECH Holdings Ltd as part of Binance's bStocks platform.
- Is ZMB backed by real Zoom shares?
Yes. Each ZMB token is backed 1:1 by a real Zoom share held by a regulated custodian through BTECH Holdings' special purpose vehicle. A daily on-chain Proof of Collateral verifies this backing.
- Can I trade ZMB outside of stock market hours?
Yes. One of the key benefits of ZMB is that it can be traded 24/7 on Binance Exchange as a spot trading pair against USDT, unlike traditional equities that are limited to exchange hours.
- Is ZMB available to users in the United States?
No. bStocks, including ZMB, are currently available only to eligible users outside the United States due to regulatory restrictions.
- How are Zoom stock dividends handled for ZMB holders?
Dividends are automatically reinvested via a built-in rebase mechanism on the smart contract. Token balances update on-chain without any manual action from the holder.
- Can I use ZMB in DeFi applications?
Yes. As a standard BEP-20 token, ZMB is compatible with DeFi protocols on BNB Chain such as Venus, Lista DAO, and PancakeSwap for lending, liquidity provision, and more.
- Who regulates the bStocks platform?
bStocks are admitted to the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority's Official List of Securities. Binance Exchange acts as a Recognised Investment Exchange with institutional-grade oversight.
- Is ZMB the same as owning Zoom stock?
No. ZMB is classified as a Certificate representing financial instruments, not direct equity. Holders gain full economic exposure but do not directly own shares or receive voting rights in Zoom.