Binance credits NOKB dividends to Spot Wallets as extra tokens

Binance has paid out a dividend on NOKB, its tokenized Nokia product. Holders did not receive cash. Eligible holders instead received $0.01 per share, delivered as additional NOKB credited to their Spot Wallets. The dividend arrived as more of the same token, not as money. How the NOKB payout worked The distribution runs through bStocks, the Binance platform that issues tokenized versions of listed equities. On October 23, 2026, Binance announced that bStocks would process cash dividends for two of its tokens, NOKB and ASMLB. NOKB tracks Nokia. ASMLB tracks ASML Holding. When the underlying company pays a cash dividend, bStocks collects it. It then takes out taxes and fees and uses the net proceeds to buy more units of the same token. Those extra units are credited to holders. Eligibility was determined by a snapshot taken on October 27, 2026, at 00:00 UTC. Anyone holding NOKB or ASMLB at that moment qualified for the distribution. Binance paused related services starting October 26, 2026, at 23:30 UTC, roughly half an hour before the snapshot. The pause was meant to keep balances stable while the eligibility record was captured. Trading itself kept going. The NOKB/USDT and ASMLB/U...