Binance bStocks Will Reinvest Oracle And Marvell Dividends Onchain

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Binance will support cash dividends for Oracle and Marvell bStocks holders. After taxes, fees and other deductions, the net dividend will be reinvested into additional fractions of ORCLB or MRVLB rather than paid as cash. Onchain holders will receive the economic adjustment through a multiplier change, highlighting how corporate actions have to be translated into tokenized-stock mechanics. Tokenized stocks have to deal with the boring parts of being stocks too. Binance has outlined how holders of its Oracle and Marvell bStocks will receive upcoming cash dividends, and the answer is not a dollar payment landing in an exchange balance. Instead, the net dividend will be reinvested into additional fractions of the same tokenized security. Corporate Actions Need An Onchain Translation Layer Eligible users holding MRVLB or ORCLB at the October 9 snapshot will participate in the distribution. After withholding taxes, fees and other applicable deductions, Binance will reinvest the dividend into more units or fractions of the corresponding bStock. Onchain holders will receive the adjust...