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What is Credo Technology Tokenized (bStocks) (CRDOB)?

Quick Facts

  • Token symbol: CRDOB
  • Underlying asset: Credo Technology Group Holding Ltd (CRDO)
  • Blockchain: BNB Smart Chain (BEP-20)
  • Issuer: BTech Holdings Limited, a Binance group affiliate
  • Backing: 1:1 by real shares held at a regulated broker-custodian
  • Trading: 24/7 on Binance Spot Market
  • Regulatory framework: FSRA-approved prospectus (ADGM)

Introduction

CRDOB is a tokenized stock that gives holders economic exposure to Credo Technology Group Holding Ltd, a semiconductor connectivity solutions company listed on NASDAQ under the ticker CRDO.

It is part of Binance's bStocks product line — a suite of tokenized U.S. equities issued as BEP-20 tokens on BNB Smart Chain. CRDOB lets users track the price of the underlying stock, receive dividends, and trade around the clock, all from a crypto wallet.

History & Background

Binance launched the bStocks platform in June 2026, initially offering a small set of major U.S. stock tickers. The platform expanded rapidly, with Credo Technology added to the roster as demand for semiconductor and AI-adjacent equity exposure grew.

The bStocks program is operated by BTech Holdings Limited, a Binance group entity, and operates under an FSRA-approved prospectus in the Abu Dhabi Global Market (ADGM).

How Credo Technology Tokenized (bStocks) Works

Each CRDOB token is minted 1:1 against a real Credo Technology share held in custody by a regulated U.S. broker-dealer. The process follows three steps:

  1. Custody — A ring-fenced SPV (special purpose vehicle) purchases and holds the underlying shares, reconciled daily.
  2. Tokenization — Smart contracts on BNB Smart Chain mint one CRDOB for every share in custody.
  3. Trading & Redemption — Users trade CRDOB 24/7 on Binance Spot or convert back to the underlying share at 1:1 with zero fees.

A built-in rebase mechanism handles dividends and stock splits automatically, adjusting wallet balances on-chain without manual airdrops.

Tokenomics

CRDOB has no fixed supply — tokens are minted when new shares are deposited into custody and burned upon redemption. The token supply at any moment directly mirrors the number of Credo Technology shares held in the issuer's custodial account.

There are no management fees, custody fees, or conversion fees. Economic returns come entirely from the price movements and dividends of the underlying equity.

Circulating Supply ? 4,015 CRDOB
Total supply ? 4,015 CRDOB
Max supply ? -- CRDOB
Updated 4d ago

Ecosystem & Use Cases

CRDOB benefits from full DeFi composability on BNB Smart Chain. Holders can:

  • Lend or borrow against CRDOB on protocols like Venus and Lista DAO
  • Provide liquidity on PancakeSwap or Aster
  • Self-custody via any BSC-compatible wallet such as Trust Wallet or Binance Wallet
  • Continue earning dividends from the underlying stock even while deployed in DeFi

Team, Governance & Community

CRDOB is issued and managed by BTech Holdings Limited, a Binance group affiliate. Governance is centralized — token parameters, collateral management, and corporate action handling are controlled by the issuer.

Daily Proof of Collateral reports are published on-chain, providing transparency into the backing ratio. Corporate actions such as stock splits are announced via official Binance Announcements.

Advantages

  • 24/7 trading — No dependency on traditional stock market hours
  • 1:1 convertibility — Redeem tokens for real shares with zero fees
  • DeFi integration — Deploy into yield-generating protocols while holding equity exposure
  • Self-custody — Full on-chain ownership via any BSC-compatible wallet
  • Automatic corporate actions — Dividends and splits handled on-chain without user action
  • Regulated framework — Issued under an FSRA-approved prospectus

Risks & Challenges

  • Issuer risk — Centralized custody means holders depend on BTech Holdings and its custodians
  • Jurisdiction restrictions — Not available to U.S., UK, or EU persons
  • Price deviation — Tokens can trade above or below the underlying share price, especially outside market hours
  • Smart contract risk — On-chain bugs or exploits could affect token balances
  • Regulatory risk — Evolving global rules on tokenized securities may impact product availability

Long-Term Vision

bStocks aims to bridge traditional equity markets and decentralized finance, making global stock exposure accessible to anyone with a crypto wallet. As the product line expands across more tickers and DeFi protocols, CRDOB represents a template for how real-world assets can be brought on-chain in a fully backed, composable, and regulation-compliant way.

Frequently Asked Questions

CRDOB is a tokenized version of Credo Technology Group Holding Ltd (CRDO) stock, issued as a BEP-20 token on BNB Smart Chain. Each token is backed 1:1 by a real share held at a regulated U.S. broker-custodian.

CRDOB is issued by BTech Holdings Limited, a Binance group affiliate. The product operates under an FSRA-approved prospectus in the Abu Dhabi Global Market (ADGM).

Yes. Eligible users can convert CRDOB to the underlying Credo Technology share at a 1:1 ratio with zero conversion fees through the Binance platform, subject to applicable laws and jurisdictional eligibility.

Dividends from the underlying Credo Technology stock are handled automatically via an on-chain rebase mechanism. Wallet balances are adjusted to reflect dividend entitlements without any manual action required.

Yes. CRDOB can be deployed across DeFi protocols on BNB Smart Chain, including Venus, Lista DAO, and PancakeSwap, allowing holders to earn yield while maintaining their equity exposure.

CRDOB is available to eligible users on Binance Spot, but access is restricted by jurisdiction. U.S., UK, and European persons are excluded from participating in the bStocks product.

BTech Holdings publishes daily Proof of Collateral reports on-chain, confirming that each token in circulation corresponds to a real share held in custody. The reconciliation is publicly available.

Stock splits and other corporate actions are handled automatically by the smart contract. Your CRDOB balance adjusts on-chain to reflect the new share ratio, with pre-event notifications published via official Binance Announcements.