Binance distributes $1.88 SPYB dividends to spot wallet holders

Binance is paying out dividends on tokenized S&P 500 shares. Holders of SPYB, Binance’s tokenized version of the SPDR S&P 500 ETF Trust (SPY), received a $1.88 per-share dividend deposited directly into their spot wallets. The payout arrived not as cash or stablecoins, but as additional SPYB tokens, effectively auto-reinvesting the dividend back into the same position. How the distribution works SPYB is a BEP-20 token living on the BNB Smart Chain, designed to offer 1:1 economic exposure to actual SPY ETF shares. Those underlying shares sit in segregated custody, managed under the regulatory umbrella of BTECH Holdings Limited, a Binance affiliate licensed by the Abu Dhabi Global Market’s Financial Services Regulatory Authority (ADGM FSRA). The record date for eligibility was set at September 18, 2026, at 00:00 UTC. If you held SPYB in your Binance spot wallet at that snapshot moment, you qualified. Starting around 23:30 UTC on September 17, Binance temporarily suspended certain account functionalities to process the distribution. Trading on the SPYB/USDT pair, however, continued without interruption. The bigger picture: bStocks and tokenized equities SPYB exists within Bina...