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What is GraniteShares 2X Long MRVL ETF Tokenized (bStocks) (MVLLB)?

Quick Facts

  • Token symbol: MVLLB
  • Blockchain: BNB Smart Chain (BEP-20)
  • Underlying asset: GraniteShares 2x Long MRVL Daily ETF (MVLL)
  • Backing: 1:1 backed by the underlying ETF shares
  • Custodian: US-regulated broker-dealer
  • Trading hours: 24/7, unlike traditional stock markets
  • Issued via: Binance bStocks platform

Introduction

MVLLB is a tokenized real-world asset (RWA) that brings the GraniteShares 2x Long MRVL Daily ETF on-chain as a BEP-20 token on BNB Smart Chain. It is part of the bStocks ecosystem, a Binance-powered initiative that converts U.S.-listed securities into fully backed digital tokens.

The underlying ETF, MVLL, is designed to deliver 2x the daily performance of Marvell Technology (MRVL) stock. By holding MVLLB, users gain economic exposure to this leveraged ETF without leaving the blockchain environment.

History & Background

Binance launched bStocks in June 2026, introducing BEP-20 tokenized versions of U.S. stocks and ETFs on BNB Chain. The platform emerged from Binance's broader 'super app' strategy, which also opened direct trading of over 7,000 U.S. equities to eligible non-U.S. users.

GraniteShares, a US-based ETF issuer known for leveraged single-stock and sector products, provides the underlying MVLL fund. The tokenized version, MVLLB, was added as bStocks expanded its catalogue beyond individual equities to include leveraged ETFs.

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

Each MVLLB token is 1:1 backed by shares of the GraniteShares 2x Long MRVL Daily ETF, held at a US-regulated broker-dealer. Users can tokenize their existing ETF holdings at no fee, or purchase MVLLB directly using USDT, USDC, or BNB on supported platforms.

Pricing is aligned to the underlying ETF through oracle price feeds, ensuring continuous and accurate market data. Holders retain the right to convert tokens back to the underlying security on the Binance platform, subject to applicable laws.

Tokenomics

MVLLB tokens are issued on a demand-driven basis: every token minted requires a corresponding share of the underlying ETF to be held in custody. This mechanism prevents dilution and ensures the token supply always reflects real-world collateral.

The token does not have independent inflation or staking rewards. Its economic value is entirely derived from the performance of the underlying leveraged ETF, which resets its 2x exposure daily.

Circulating Supply ? 28,909 MVLLB
Total supply ? 28,909 MVLLB
Max supply ? -- MVLLB
Updated 3d ago

Ecosystem & Use Cases

bStocks tokens, including MVLLB, are composable with BNB Chain's DeFi ecosystem. Holders can deploy their tokens across protocols such as Venus, Lista DAO, and PancakeSwap to lend, borrow, or provide liquidity — all while retaining exposure to the underlying asset.

The token trades 24/7 on compatible exchanges and DEXs, breaking the constraint of traditional market hours and enabling near-instant settlement.

Team, Governance & Community

MVLLB is issued through the bStocks infrastructure, a joint effort between Binance and regulated partners including a US broker-dealer for custody and Alpaca for corporate actions. The underlying ETF is managed by GraniteShares Advisors LLC, a specialist ETF issuer.

Governance of the tokenization platform sits with Binance. There is no independent DAO or community governance structure for individual bStocks tokens.

Advantages

  • 24/7 trading — access leveraged ETF exposure outside traditional market hours
  • Full collateral backing — every token is supported 1:1 by real ETF shares
  • DeFi composability — deploy as collateral or liquidity in BNB Chain protocols
  • Self-custody — withdraw to personal wallets like Trust Wallet or Binance Wallet
  • Zero conversion fees — tokenize or redeem without additional costs

Risks & Challenges

  • Leverage risk — the underlying ETF seeks 2x daily returns; losses are also amplified and the product resets daily, which can erode value over time
  • Regulatory risk — tokenized securities face evolving legal frameworks; access may be restricted in certain jurisdictions
  • Counterparty risk — reliance on Binance and a regulated broker-dealer for custody and redemption
  • Liquidity risk — on-chain liquidity for MVLLB may be lower than that of the underlying ETF on traditional markets
  • Oracle dependency — accurate pricing depends on the integrity of external price feed providers

Long-Term Vision

bStocks represents a broader push to make traditional financial instruments natively usable on-chain. As tokenized RWAs gain adoption, MVLLB sits at the intersection of leveraged equity products and decentralized finance — offering a glimpse of how capital markets infrastructure could evolve.

The long-term trajectory depends on regulatory clarity, Binance's platform growth, and the maturation of DeFi protocols that can safely handle equity-backed collateral.

Frequently Asked Questions

MVLLB is a BEP-20 token on BNB Smart Chain that represents the GraniteShares 2x Long MRVL Daily ETF. It is issued via the Binance bStocks platform and is 1:1 backed by the underlying ETF shares held at a US-regulated broker-dealer.

The ETF aims to deliver twice the daily return of Marvell Technology (MRVL) stock. Because it resets daily, returns over longer periods can differ significantly from a simple 2x multiple.

Each token is fully backed by a corresponding share of the underlying ETF, held in custody by a US-regulated broker-dealer. This ensures a 1:1 link between the on-chain token and the real-world asset.

Yes. As a standard BEP-20 token, MVLLB can be deployed across BNB Chain DeFi protocols such as Venus, Lista DAO, and PancakeSwap for lending, borrowing, or liquidity provision.

Yes. Holders have the right to convert their MVLLB tokens back to the underlying GraniteShares ETF on the Binance platform, subject to applicable laws and eligibility requirements.

Key risks include the amplified daily leverage of the underlying ETF, regulatory restrictions on tokenized securities in certain countries, and reliance on Binance and its custody partners for token integrity and redemption.

MVLLB is issued through Binance's bStocks infrastructure. The underlying ETF is managed by GraniteShares Advisors LLC, and custody of the underlying shares is handled by a US-regulated broker-dealer.

MVLLB trades 24/7 on supported centralized and decentralized exchanges compatible with BNB Smart Chain. It can also be held in self-custody wallets such as Trust Wallet or Binance Wallet.