IBM bStock dividends now available in Spot Wallets, $1.69 per share

Binance has credited IBM dividend payouts to holders of its IBMB tokenized equity token. Holders who had IBMB tokens in their Spot Wallets before the August 10, 2026 snapshot received $1.69 per token, mirroring IBM’s standard quarterly dividend.

That $1.69 figure matches what IBM pays shareholders on the traditional side of the fence. The difference is that these dividends landed in crypto Spot Wallets, not brokerage accounts, for tokens that trade around the clock on Binance’s platform.

How bStocks dividends actually work

Binance’s bStocks are BEP-20 tokens that live on the BNB Chain, each backed 1:1 by actual US shares held through regulated custodians. You get the economic upside of owning a share of IBM, including dividends, but you don’t get to vote at shareholder meetings.

The snapshot for this particular distribution was set at 00:00 UTC on August 10, 2026. Anyone holding IBMB in their Spot account at that moment qualified for the payout automatically. For users who had withdrawn their tokens to self-custodied wallets compatible with the BNB Chain, Binance applied a multiplier adjustment instead of a direct credit.

Spot account holders got dividends deposited directly. Self-custody users still received the economic benefit, but through a mechanism that adjusts the token’s value rather than depositing cash directly.

Binance launched bStocks in June 2026. Alongside IBMB, the platform now offers tokenized versions of other major US equities, including AAPLB for Apple shares. All of these trade 24/7.

$500 million in assets and growing

The total assets under management for Binance’s bStocks platform has surpassed $500 million. For a product category that’s only existed on Binance since mid-2026, crossing the half-billion mark is a relatively fast ramp.

The bStocks product combines 1:1 backing through regulated custodians, fractional ownership capabilities, the ability to withdraw tokens to personal wallets, and dividend distributions.

This distribution follows precedent set with other bStock tokens, suggesting Binance has built the infrastructure to handle these payouts systematically rather than as one-off events.

The bigger picture for tokenized equities

bStock holders don’t own actual IBM shares in the legal sense. They hold tokens issued by a Binance affiliate, backed by shares held elsewhere. If something goes wrong with the custodial arrangement or Binance’s affiliate structure, the recourse available to token holders would look very different from what a traditional shareholder would have.

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