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What is GraniteShares 2X Long INTC ETF Tokenized (bStocks) (INTWB)?

Quick Facts

  • Symbol: INTWB
  • Blockchain: BNB Smart Chain (BEP-20 token)
  • Underlying asset: GraniteShares 2x Long INTC Daily ETF (INTW)
  • Backing: 1:1 by the underlying ETF held at a regulated custodian
  • Issuer: BTech Holdings Limited, a Binance affiliate
  • Trading: 24/7, with zero conversion fees
  • DeFi compatible: Usable across BNB Chain DeFi protocols

Introduction

INTWB is a tokenized bStock on BNB Smart Chain that provides economic exposure to the GraniteShares 2x Long INTC Daily ETF — a leveraged ETF designed to deliver twice the daily price return of Intel Corporation (INTC) stock.

As a bStock, INTWB brings a traditional financial product onto the blockchain, enabling users to access leveraged equity exposure 24/7 without relying on a conventional brokerage.

History & Background

The bStocks program was launched by Binance in June 2026, with BTech Holdings Limited — a Binance affiliate regulated in the Abu Dhabi Global Market (ADGM) — acting as the official issuer.

The platform rapidly grew, surpassing $1 billion in assets under management within months of launch and expanding to over 700 tokenized U.S. stocks and ETFs, including leveraged products like INTWB.

How GraniteShares 2X Long INTC ETF Tokenized (bStocks) Works

Each INTWB token is backed 1:1 by the corresponding underlying ETF share, held by a regulated custodian. The token is issued as a BEP-20 asset on BNB Smart Chain.

Pricing follows the underlying ETF via oracle feeds. Eligible users can convert INTWB tokens back into the corresponding traditional ETF position through Binance at a 1:1 ratio. Binance publishes a daily Proof of Collateral so holders can verify that sufficient underlying assets are held against all issued tokens.

Because the underlying GraniteShares ETF uses leverage, INTWB reflects 2x the daily movement of INTC — amplifying both gains and losses relative to Intel's stock price.

Tokenomics

INTWB tokens are minted when users convert their GraniteShares 2x Long INTC ETF holdings into on-chain tokens and burned when they convert back. There are no minting or burning fees.

Dividends and corporate actions from the underlying ETF are handled automatically on-chain, reflected as updates to token balances. The economic design closely mirrors holding the underlying ETF, with the added flexibility of blockchain-native features.

Circulating Supply ? 204,444 INTWB
Total supply ? 204,444 INTWB
Max supply ? -- INTWB
Updated 3d ago

Ecosystem & Use Cases

bStocks are compatible with several major DeFi protocols on BNB Chain, including Venus, Lista DAO, and PancakeSwap. This allows INTWB holders to lend their tokens, provide liquidity, or deploy them in yield strategies — while still maintaining economic exposure to the underlying leveraged ETF.

Users can also hold INTWB in self-custody wallets like Binance Wallet or Trust Wallet, without requiring a brokerage account.

Team, Governance & Community

INTWB is issued and managed by BTech Holdings Limited, operating under the regulatory framework of the Abu Dhabi Global Market. The broader bStocks infrastructure is built and maintained by Binance and BNB Chain.

There is no independent governance token or DAO for individual bStocks. Operational decisions are made centrally by the issuer.

Advantages

  • 24/7 trading — no market-hours restrictions like traditional ETF trading
  • Zero conversion fees — switch between token and underlying ETF at no cost
  • Self-custody — hold tokens in your own wallet, not on an exchange
  • DeFi composability — deploy INTWB in lending and liquidity protocols
  • Daily Proof of Collateral — transparent verification of backing reserves
  • Near-instant settlement — faster than conventional stock clearing

Risks & Challenges

  • Leverage risk — 2x daily leverage amplifies losses as well as gains; not suitable for long-term passive holding
  • Price deviation — tokens may trade above or below the underlying ETF price, especially outside regular market hours
  • Counterparty risk — reliance on BTech Holdings and the custodian to maintain proper 1:1 backing
  • Regulatory risk — eligibility to hold or convert bStocks depends on local laws and Binance's requirements
  • Smart contract risk — transfer restrictions and on-chain controls apply

Long-Term Vision

bStocks represents Binance's broader push to bridge traditional finance and DeFi by bringing real-world assets on-chain. INTWB is part of this vision — offering leveraged ETF exposure that is accessible around the clock to a global audience.

As tokenized real-world assets continue to grow in prominence, products like INTWB illustrate how blockchain infrastructure can modernize access to complex financial instruments beyond geographic and time-zone barriers.

Frequently Asked Questions

INTWB is a tokenized bStock on BNB Smart Chain that represents the GraniteShares 2x Long INTC Daily ETF. It gives holders economic exposure to 2x the daily price movement of Intel Corporation (INTC) stock.

INTWB is issued by BTech Holdings Limited, a Binance affiliate regulated in the Abu Dhabi Global Market (ADGM). The underlying ETF shares are held by a regulated custodian on behalf of token holders.

Yes. Each INTWB token is backed 1:1 by the corresponding GraniteShares 2x Long INTC Daily ETF share held at a regulated custodian. Binance publishes a daily Proof of Collateral to verify this backing.

Eligible users can convert INTWB tokens back into the corresponding ETF position through Binance on a 1:1 basis, with no conversion fees. Eligibility depends on your location and Binance's requirements.

INTWB trades 24/7 on BNB Chain, supports self-custody, and can be deployed in DeFi protocols. Traditional ETFs are restricted to exchange trading hours and require a brokerage account.

Because the underlying ETF uses 2x daily leverage, INTWB amplifies both gains and losses relative to Intel's stock price. Leveraged products are generally not suitable for long-term passive holding due to daily compounding effects.

Yes. As a BEP-20 token on BNB Smart Chain, INTWB is compatible with DeFi protocols such as Venus, Lista DAO, and PancakeSwap, where users can lend or provide liquidity using their tokens.

Yes. Any dividends from the underlying ETF are automatically reinvested and reflected as an increase in your token balance, with no manual action required.