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What is Amazon Tokenized (bStocks) (AMZNB)?

Quick Facts

  • Token symbol: AMZNB
  • Blockchain: BNB Smart Chain (BEP-20)
  • Issuer: BTech Holdings Limited, a Binance group affiliate
  • Backing: 1:1 by real Amazon (AMZN) shares in regulated custody
  • Trading hours: 24/7, including weekends and after-hours
  • Fees: Zero commission, custody, management, or conversion fees
  • Regulatory status: FSRA-approved prospectus; listed on Binance as a Recognised Investment Exchange
  • Geographic restriction: Not available to U.S., UK, or European persons

Introduction

AMZNB is a tokenized certificate that gives holders economic exposure to Amazon's common stock (AMZN). It is part of Binance's bStocks product line — a platform designed to bring U.S. equities on-chain so that anyone eligible can access them without a traditional brokerage account.

Rather than buying Amazon shares through a stock exchange, users hold a BEP-20 token that mirrors AMZN's price movements, including dividends and corporate actions.

History & Background

Binance launched the bStocks platform on June 11, 2026, under its dedicated hub at bstocks.finance. Within the first 24 days of launch, the platform reported over $1.8 billion in trading volume, reflecting strong early demand for tokenized equities.

The platform has since grown rapidly, surpassing $1 billion in assets under management, with over $6 billion converted between bStock tokens and the underlying U.S. shares.

How Amazon Tokenized (bStocks) Works

Each AMZNB token is a BEP-20 certificate on BNB Smart Chain. The issuer, BTech Holdings Limited, holds the equivalent number of real Amazon shares with a US-regulated broker-dealer acting as custodian.

Eligible users can convert between the AMZNB token and actual AMZN shares at a 1:1 ratio with no conversion fee, in either direction. Corporate actions such as dividends and stock splits are processed through an on-chain multiplier mechanism, adjusting token value rather than making cash distributions.

Tokenomics

AMZNB is a demand-driven token — new tokens are minted only when eligible users deposit or convert the underlying AMZN shares, and tokens are burned upon redemption. There is no fixed issuance schedule or inflationary emission.

The token's value is designed to track the underlying Amazon share price directly, making its economic design fully dependent on AMZN's market performance rather than speculative tokenomics.

Circulating Supply ? 16,384 AMZNB
Total supply ? 16,384 AMZNB
Max supply ? -- AMZNB
Updated 2d ago

Ecosystem & Use Cases

bStocks tokens including AMZNB are integrated into the DeFi ecosystem on BNB Chain. Users can trade AMZNB on Binance Spot (AMZNBUSDT pair) as well as on decentralized exchanges such as PancakeSwap V3 and Uniswap V3 (BSC), and through DEX aggregators like 1inch.

This allows holders to use their tokenized equity positions within DeFi protocols, benefiting from the liquidity and composability of on-chain infrastructure.

Team, Governance & Community

AMZNB is issued by BTech Holdings Limited, a Binance group affiliate and the entity responsible for the entire bStocks product suite. The platform operates under a FSRA-approved prospectus and is listed on Binance, which serves as a Recognised Investment Exchange with institutional-grade market surveillance.

Governance of the product follows Binance's centralized framework, with all corporate action announcements made via official Binance channels.

Advantages

  • 24/7 trading — access Amazon stock exposure outside traditional market hours
  • Zero fees — no commission, custody, management, or conversion charges
  • 1:1 convertibility — tokens can be redeemed for actual AMZN shares
  • DeFi composability — AMZNB can be used across DEXs and DeFi protocols on BNB Chain
  • Fractional access — positions can start from as little as $5
  • Regulated framework — issued under an FSRA-approved prospectus with regulated custodianship

Risks & Challenges

  • Not direct share ownership — AMZNB is a certificate, not a direct equity stake; holders do not receive traditional shareholder privileges
  • Counterparty risk — reliance on BTech Holdings and the custodian broker-dealer to maintain backing
  • Geographic restrictions — U.S., UK, and European persons are excluded from access
  • Regulatory uncertainty — the tokenized securities landscape is still evolving globally
  • Price divergence — token price can temporarily deviate from AMZN's Nasdaq-listed price due to off-hours trading and liquidity differences

Long-Term Vision

AMZNB sits within a broader real-world asset (RWA) tokenization trend, where traditional financial instruments are brought on-chain to improve accessibility and composability. Binance has projected that the bStocks platform could reach $10 billion in assets under management, signaling its ambition to become a major bridge between traditional equity markets and decentralized finance.

Frequently Asked Questions

AMZNB is a tokenized certificate on BNB Smart Chain that provides economic exposure to Amazon (AMZN) stock. It is issued by BTech Holdings Limited, a Binance group affiliate, and is backed 1:1 by real Amazon shares held in regulated custody.

Yes. Eligible users can convert between AMZNB tokens and actual AMZN shares at a 1:1 ratio with no conversion fee. Conversion is subject to applicable laws and Binance's eligibility requirements.

Corporate actions like dividends are not paid as cash distributions. Instead, they are reflected through an on-chain multiplier mechanism that adjusts the token's value accordingly.

AMZNB is not available to residents of the United States, United Kingdom, or European jurisdictions. Eligible users must pass suitability checks on the Binance platform before accessing bStocks products.

No. AMZNB is a certificate representing an interest in underlying Amazon shares, not direct share ownership. Holders do not receive traditional shareholder rights such as voting privileges.

AMZNB trades on Binance Spot under the AMZNBUSDT pair, as well as on decentralized exchanges including PancakeSwap V3 and Uniswap V3 on BNB Chain, and through the 1inch aggregator.

AMZNB is a BEP-20 token built on BNB Smart Chain. Its smart contract address is 0x1a4b499833a79a09ad7cf1d42d7dacf71e92eb00.

Yes. bStocks operates under an FSRA-approved prospectus and is listed on Binance, which is recognized as a Regulated Investment Exchange with institutional-grade market surveillance.