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Broadcom Tokenized (bStocks) (AVGOB) logo

What is Broadcom Tokenized (bStocks) (AVGOB)?

Quick Facts

  • Issuer: BTECH Holdings Ltd, a Binance group affiliate
  • Blockchain: BNB Smart Chain (BEP-20)
  • Backing: 1:1 backed by actual Broadcom (AVGO) shares in custody
  • Trading: 24/7 on Binance Spot Market
  • Conversion fees: Zero
  • Regulation: FSRA-approved prospectus, issued under Abu Dhabi Global Market (ADGM) framework
  • Launch: June 2026

Introduction

AVGOB is a tokenized security that tracks the price of Broadcom Inc (AVGO) — one of the world's largest semiconductor and infrastructure software companies. It is part of the bStocks product suite, launched by Binance in 2026 to bring real-world equities on-chain.

By holding AVGOB, users gain full economic exposure to Broadcom stock without needing a traditional brokerage account, and can trade it around the clock on BNB Smart Chain.

History & Background

Binance launched the bStocks platform on June 11, 2026, introducing fully-backed tokenized US equities issued by BTECH Holdings Ltd, a Special Purpose Vehicle (SPV) registered in the Abu Dhabi Global Market. The initiative was underpinned by a FSRA-approved prospectus framework, setting a regulated foundation for on-chain equity access.

Broadcom (AVGOB) was added to the growing roster of bStocks tokens as the platform expanded its coverage. By mid-October 2026, bStocks supported over 95 stock tokens and surpassed $1 billion in assets under management.

How Broadcom Tokenized (bStocks) Works

AVGOB operates as a BEP-20 token on BNB Smart Chain. Smart contracts mint one AVGOB token for every one Broadcom share placed in custody by the issuer, maintaining strict 1:1 collateralization.

Users can convert between AVGOB and the underlying Broadcom equity at a 1:1 ratio with zero fees, facilitated via Binance's broker-dealer entity. Every day, custodian holdings are reconciled against the total token supply through an on-chain Proof of Collateral mechanism, providing transparent verification.

Corporate actions such as stock splits and dividend-related adjustments are processed automatically. Dividends are reinvested through an on-chain Multiplier, which increases wallet balances without any user action or conversion fees.

Tokenomics

AVGOB follows a mint-and-burn model — new tokens are minted when users deposit shares (or purchase backed positions), and tokens are burned upon conversion back to shares. This keeps the token supply in direct proportion to actual Broadcom equity held in custody.

The token has no independent inflation schedule or staking rewards. Its value derives entirely from the price of underlying Broadcom (AVGO) shares, plus any reinvested corporate action proceeds handled by the Multiplier.

Ecosystem & Use Cases

As a standard BEP-20 token, AVGOB is compatible with BNB Smart Chain wallets and on-chain applications. Key use cases include:

  • Spot trading on Binance 24/7, including outside traditional stock market hours
  • Self-custody by withdrawing tokens to personal BNB Chain-compatible wallets
  • Collateral use for margin trading on the Binance platform
  • Fractional investment, with positions available from as little as $5
  • DeFi integrations across the BNB Smart Chain ecosystem

Team, Governance & Community

AVGOB is governed by BTECH Holdings Ltd, operating as a Binance group affiliate and SPV. The regulatory framework is overseen by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. Binance's broker-dealer entity, Nest Trading Limited, handles the conversion between tokenized and real equity. There is no decentralized governance — the issuer manages all operational and compliance decisions.

Advantages

  • 24/7 trading removes the constraint of traditional stock market hours
  • 1:1 full backing ensures every token is supported by a real share in custody
  • Zero fees on conversion between token and underlying equity
  • Self-custody option gives users control over their holdings on-chain
  • Automatic corporate action handling simplifies dividend and split processing
  • Regulated framework provides institutional-grade compliance and transparency

Risks & Challenges

  • Counterparty risk: Holders depend on BTECH Holdings Ltd and its custodian to maintain proper share backing
  • Regulatory risk: Availability is subject to applicable laws and may be restricted in certain jurisdictions
  • Not direct ownership: AVGOB does not confer shareholder rights or direct ownership of Broadcom shares
  • Platform dependency: Core functionality relies on Binance's exchange and broker-dealer infrastructure
  • Market risk: The token's value moves with Broadcom's stock price, including all associated equity market volatility

Long-Term Vision

AVGOB is part of a broader vision to bridge traditional finance and on-chain infrastructure. bStocks aims to make global equities accessible to anyone with a crypto wallet, without geographic or brokerage barriers. Binance has signalled ambitions to grow the platform significantly, with tokenized RWAs increasingly seen as a key frontier in DeFi's evolution toward real-world asset integration.

Frequently Asked Questions

AVGOB is a BEP-20 tokenized security on BNB Smart Chain that provides 1:1 economic exposure to Broadcom Inc (AVGO) shares. It is issued by BTECH Holdings Ltd, a Binance group affiliate, under a regulatory framework approved by the FSRA in Abu Dhabi.

No. AVGOB provides economic exposure to Broadcom's price but does not grant direct ownership of shares or shareholder voting rights. It is classified as a certificate representing a financial instrument, not a direct equity stake.

Each AVGOB token is backed 1:1 by actual Broadcom shares held in custody by the issuer. An on-chain Proof of Collateral mechanism reconciles custodian holdings against total token supply every day.

Yes. Users can convert between AVGOB and the underlying Broadcom equity at a 1:1 ratio with zero conversion fees, subject to applicable laws and regulatory eligibility. The conversion is facilitated through Binance's broker-dealer entity.

Dividends are reinvested automatically through an on-chain Multiplier mechanism. This increases your AVGOB wallet balance directly without requiring any manual action or incurring conversion fees.

AVGOB trades 24 hours a day, 7 days a week on Binance Spot Market, including weekends and after traditional stock market hours. This is one of the key advantages over holding shares in a traditional brokerage.

AVGOB is a BEP-20 token built on BNB Smart Chain. Users can withdraw tokens to any compatible BNB Chain wallet for self-custody and potential use in DeFi applications.

bStocks is issued under an FSRA-approved prospectus framework within the Abu Dhabi Global Market (ADGM). BTECH Holdings Ltd, the issuer, is a Binance group affiliate operating as a regulated SPV.