Enjoying Coinranking ad-free? Enjoying Coinranking ad-free? Get the complete experience with Elite. No ads · Full Pro Chart · Premium features No ads · Pro Chart · More

What is BitMine Immersion Technologies Tokenized (bStocks) (BMNRB)?

Quick Facts

  • Token symbol: BMNRB
  • Blockchain: BNB Smart Chain (BEP-20)
  • Issuer: BTech Holdings Ltd, a Binance group affiliate
  • Backing: 1:1 by real BitMine Immersion Technologies shares
  • Trading: 24/7 on Binance Spot Market
  • Conversion: 1:1 to underlying shares, zero fees
  • Regulatory status: Admitted to FSRA's Official List of Securities
  • Launched: June 2026

Introduction

BMNRB is the bStocks tokenized representation of BitMine Immersion Technologies (BMNR), a publicly traded company in the digital asset mining sector. It is issued as a BEP-20 token on BNB Smart Chain by BTech Holdings Ltd, a Binance affiliate.

The token gives holders economic exposure to the price movements of BitMine Immersion Technologies stock — without being bound by traditional market hours or settlement delays.

History & Background

Binance launched the bStocks program in June 2026, introducing tokenized U.S. equities as BEP-20 tokens on BNB Chain. The initiative aimed to bridge traditional finance and on-chain DeFi by letting users hold and trade real-world stock exposure around the clock.

BMNRB was listed as part of an expanding catalogue of bStocks, following initial offerings like Nvidia, Tesla, and Circle.

How BitMine Immersion Technologies Tokenized (bStocks) Works

Every BMNRB token is backed 1:1 by a real share of BitMine Immersion Technologies, held by a regulated US broker-custodian through a ring-fenced Special Purpose Vehicle (SPV). Smart contracts on BNB Smart Chain mint new tokens only when corresponding shares enter custody.

A daily Proof of Collateral is published on-chain, allowing anyone to verify that total tokens in circulation are matched by real shares in custody. Corporate actions like dividends and stock splits are handled automatically via a built-in rebase mechanism — no manual airdrops required.

Eligible users can convert BMNRB back to the underlying stock position at 1:1 with zero fees, subject to jurisdictional restrictions.

Tokenomics

BMNRB is a collateral-driven token: new tokens are minted when underlying shares are deposited into custody, and tokens are burned upon redemption. This keeps supply directly tied to real-world asset backing at all times.

The token does not have inflationary emissions or a pre-mined allocation. Its economic model is designed purely around representing equity exposure on-chain.

Circulating Supply ? 457,995 BMNRB
Total supply ? 457,995 BMNRB
Max supply ? -- BMNRB
Updated 4d ago

Ecosystem & Use Cases

BMNRB can be withdrawn to any BNB Smart Chain-compatible wallet for full self-custody. Beyond simple holding and trading on Binance Spot, it integrates with major BNB Chain DeFi protocols such as Venus, Lista DAO, and PancakeSwap.

This allows holders to lend, borrow against, or provide liquidity with their tokenized equity position — all while retaining exposure to the underlying stock.

Team, Governance & Community

BMNRB is issued and managed by BTech Holdings Ltd, headquartered in the Abu Dhabi Global Market (ADGM). The underlying equities are custodied at a regulated US broker-dealer. Binance acts as the primary exchange and conversion venue.

bStocks are admitted to the FSRA's Official List of Securities and listed on Binance, a Recognised Investment Exchange with institutional-grade market surveillance.

Advantages

  • 24/7 trading — not limited by traditional stock exchange hours
  • Near-instant settlement — no Wall Street intermediaries required
  • Full collateral backing — daily on-chain Proof of Collateral published
  • DeFi composability — deployable across lending and liquidity protocols
  • Zero conversion fees — switch between token and stock at no cost
  • Self-custody — withdraw to any compatible BSC wallet

Risks & Challenges

  • Not direct ownership — BMNRB is a certificate providing economic exposure, not a direct shareholder position; holders have no voting rights
  • Jurisdictional restrictions — availability and conversion rights vary by country and regulatory regime
  • Price deviation — tokens may trade above or below the underlying stock, especially outside regular market hours
  • Counterparty risk — relies on BTech Holdings Ltd and the custodian operating properly
  • Smart contract risk — despite audits, on-chain code carries inherent technical risk

Long-Term Vision

bStocks represents Binance's broader ambition to make traditional equity markets accessible on-chain, globally and around the clock. BMNRB is part of a growing catalogue of tokenized securities designed to bring programmable, DeFi-native features to everyday investing.

As regulatory clarity around tokenized real-world assets improves, bStocks aims to expand its asset coverage and deepen DeFi integrations — positioning on-chain equity exposure as a standard component of digital asset portfolios.

Frequently Asked Questions

BMNRB is a BEP-20 token on BNB Smart Chain that provides economic exposure to BitMine Immersion Technologies stock. It is issued by BTech Holdings Ltd, a Binance affiliate, and is backed 1:1 by real shares held at a regulated US broker-custodian.

No. BMNRB is a certificate granting economic exposure to the stock's price movements, not direct share ownership. Holders do not receive voting rights or direct registration as shareholders.

Each token is backed 1:1 by a real share held in a ring-fenced SPV at a regulated US broker-custodian. A daily on-chain Proof of Collateral is published to confirm the backing at all times.

Yes. Eligible users can convert BMNRB to the underlying BitMine Immersion Technologies stock position at a 1:1 ratio with zero fees through Binance, subject to applicable laws and jurisdictional restrictions.

BMNRB is tradeable 24/7 on Binance Spot Market. It can also be withdrawn to any BNB Smart Chain-compatible self-custody wallet and used within compatible DeFi protocols.

BMNRB is compatible with BNB Chain DeFi protocols including Venus, Lista DAO, and PancakeSwap. Users can lend, borrow against, or provide liquidity using their tokenized equity position.

Yes. BMNRB uses a built-in rebase mechanism that handles dividends and stock splits automatically on-chain, eliminating the need for manual airdrops or balance adjustments.

bStocks, including BMNRB, are admitted to the FSRA's Official List of Securities and listed on Binance, which operates as a Recognised Investment Exchange with institutional-grade market surveillance.