Binance to Distribute Dividends to IBM, Apple, Corning, and Eli Lilly Token Holders via bStocks

Odaily Report: According to a Binance announcement, Binance will distribute dividends corresponding to tokenized securities to users holding IBMB, AAPLB, GLWB, and LLYB, which represent IBM, Apple, Corning, and Eli Lilly respectively. After deducting withholding taxes, fees, and other expenses, the net cash dividends will be reinvested as additional units or fractional shares of the same underlying securities, and users will receive dividends in the form of tokens; users holding the relevant tokens on-chain will receive dividends through a multiplier adjustment mechanism. Snapshot times are in UTC+8: November 10, 08:00 (IBMB), November 12, 08:00 (AAPLB), November 13, 08:00 (GLWB and LLYB). Binance stated that bStocks represent an interest in the relevant securities held by the issuer and are not direct ownership of the underlying shares.