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Applied Materials Tokenized (bStocks) (AMATB) logo

What is Applied Materials Tokenized (bStocks) (AMATB)?

Quick Facts

  • Issuer: BTech Holdings Limited, a Binance group affiliate
  • Blockchain: BNB Smart Chain (BSC), BEP-20 token standard
  • Backing: 1:1 by real Applied Materials (AMAT) shares in regulated custody
  • Trading: 24/7 on Binance and supported DEXs
  • Conversion fees: Zero-fee conversion between bStock and underlying share
  • Corporate actions: Stock splits and dividends handled automatically on-chain
  • Regulatory status: Admitted to FSRA's Official List of Securities

Introduction

AMATB is the Applied Materials Tokenized stock, part of Binance's bStocks program. It is a BEP-20 token on BNB Smart Chain that represents one real share of Applied Materials (AMAT) — a leading semiconductor equipment company — held by a regulated broker-custodian.

bStocks bridge traditional equity markets and decentralized finance, giving global users on-chain access to U.S. stock exposure without the constraints of conventional trading hours or slow settlement.

History & Background

Binance launched the bStocks program in June 2026, initially listing five U.S. stocks. The platform quickly expanded its coverage to include major technology and industrial names, including Applied Materials.

BTech Holdings Limited, a Binance group affiliate, acts as the official issuer. The bStocks platform grew rapidly, surpassing $1 billion in assets under management and over $6 billion in cumulative conversions between tokenized and real shares.

How Applied Materials Tokenized (bStocks) Works

When a user converts or purchases AMATB, a smart contract on BNB Smart Chain mints one token for each real AMAT share placed into custody. The underlying shares are ring-fenced inside a Special Purpose Vehicle (SPV) and reconciled daily against the total token supply via an on-chain Proof of Collateral mechanism.

A built-in rebase mechanism handles corporate actions automatically. If Applied Materials undergoes a stock split or pays a dividend, wallet balances update on-chain without requiring any manual action from token holders.

Pricing tracks the real AMAT share price via oracle feeds, ensuring continuous alignment with traditional market valuations.

Tokenomics

AMATB follows a mint-and-burn model. New tokens are minted only when equivalent AMAT shares are deposited into custody, and tokens are burned when users redeem them for the underlying shares on Binance. This keeps the supply strictly tied to the number of real shares held in custody at any given time.

The token carries no inflation or staking rewards of its own — its value derives entirely from the price of the underlying Applied Materials equity.

Ecosystem & Use Cases

As a standard BEP-20 asset, AMATB integrates directly with BNB Chain's DeFi ecosystem. Users can:

  • Trade AMATB 24/7 on Binance and DEXs such as PancakeSwap
  • Self-custody tokens in wallets like Trust Wallet or Binance Wallet
  • Deploy as collateral on lending protocols such as Venus and Lista DAO
  • Provide liquidity on PancakeSwap to earn additional yield

This composability allows holders to maintain equity exposure while simultaneously earning DeFi yield.

Team, Governance & Community

AMATB is issued and governed by BTech Holdings Limited, operating within Binance's regulatory framework. The product is listed on Binance, which acts as a Recognised Investment Exchange with institutional-grade market surveillance.

Smart contracts underpinning bStocks have passed formal verification from tier-one security firms. Governance decisions around the broader bStocks platform rest with Binance and BTech Holdings.

Advantages

  • 24/7 trading removes the limitation of standard stock market hours
  • 1:1 backing by real shares provides transparent, verifiable exposure
  • Daily Proof of Collateral ensures on-chain auditability at all times
  • DeFi composability lets holders earn yield on top of equity exposure
  • Zero conversion fees make it cost-efficient to move between token and share
  • Automatic corporate action handling removes manual overhead for holders

Risks & Challenges

  • Counterparty risk: Reliance on BTech Holdings and regulated custodians introduces third-party dependency
  • Regulatory risk: bStocks are not available to U.S. persons and are subject to evolving global securities law
  • Custodian risk: The underlying shares depend on the solvency and reliability of the broker-custodian
  • Oracle risk: Price accuracy depends on the integrity of external price feeds
  • DeFi smart contract risk: Interactions with third-party protocols introduce additional technical risks

Long-Term Vision

bStocks represents a significant step in the tokenization of real-world assets (RWA), aiming to make global equity markets more accessible, liquid, and composable. As regulatory clarity around tokenized securities improves worldwide, AMATB and the broader bStocks suite are positioned to serve as a model for institutional-grade on-chain equity products — combining the transparency of blockchain with the economic substance of traditional financial markets.

Frequently Asked Questions

AMATB is the Applied Materials Tokenized stock token, part of Binance's bStocks program. It is a BEP-20 token on BNB Smart Chain that is backed 1:1 by a real Applied Materials (AMAT) share held in regulated custody.

AMATB is issued by BTech Holdings Limited, a Binance group affiliate. It is admitted to the FSRA's Official List of Securities and listed on Binance.

Each AMATB token is backed 1:1 by one real AMAT share held by a regulated broker-custodian inside a ring-fenced Special Purpose Vehicle (SPV). Daily reconciliation and on-chain Proof of Collateral verify this backing.

Yes. As a standard BEP-20 token, AMATB can be used as collateral on lending protocols like Venus and Lista DAO, and traded on DEXs such as PancakeSwap. Holders can earn DeFi yield while maintaining their equity exposure.

Corporate actions such as dividends and stock splits are processed automatically via a built-in rebase mechanism. Token holder wallet balances update on-chain without requiring any manual action.

No. bStocks tokens, including AMATB, are not available to U.S. persons due to regulatory restrictions. Eligible non-U.S. users can access the tokens through Binance or supported BNB Chain wallets.

Key risks include counterparty and custodian risk, regulatory uncertainty around tokenized securities, oracle price-feed reliability, and smart contract risks from DeFi protocol interactions.

AMATB can be traded 24/7 on Binance and on decentralized exchanges such as PancakeSwap. It can also be self-custodied in BNB Chain-compatible wallets like Trust Wallet or Binance Wallet.