What Are NVIDIA Tokenized bStocks (NVDAB)? – Tokocrypto

NVIDIA Tokenized bStocks (NVDAB) is a tokenized representation of NVIDIA Corporation stock, issued on BNB Smart Chain as part of Binance’s bStocks program. NVDAB enables eligible crypto users to gain economic exposure to the performance of NVIDIA stock without needing a traditional brokerage account.

Check NVDAB price.

What Is NVIDIA Corporation?

NVIDIA Corporation is the world’s most influential semiconductor and computing company today. Founded on April 5, 1993, by Jensen Huang, Chris Malachowsky, and Curtis Priem, NVIDIA initially focused on creating 3D graphics for gaming and multimedia.

NVIDIA invented the GPU (Graphics Processing Unit)—a processor originally designed for graphics rendering that later proved to be far more powerful. In 2006, NVIDIA introduced CUDA, a software platform that enables developers to use GPUs for general-purpose parallel computing, not just graphics. This decision changed the company’s direction and, ultimately, changed the world.

A Brief History of NVIDIA

1993: Founded by Jensen Huang, Chris Malachowsky, and Curtis Priem
1999: IPO on Nasdaq under the ticker symbol NVDA
1999: Created the world’s first GPU (GeForce 256)
2006: Launched CUDA—the parallel computing platform that became the foundation of modern AI
2010s: Expanded into data centers, AI, and high-performance computing
2020s: Became a core hardware supplier for the generative AI boom (ChatGPT, etc.)
2025: NVIDIA became the world’s most valuable company, with a market capitalization exceeding $5 trillion

Why Is NVIDIA So Important in the AI Era?

NVIDIA is at the core of the AI revolution. Nearly all major AI models—from ChatGPT, Gemini, and Claude to other generative AI models—are trained and run using NVIDIA GPUs. NVIDIA’s position as the dominant AI hardware supplier makes it indispensable to the global AI ecosystem.

NVIDIA’s business currently includes:

AI data centers: H100, H200, and Blackwell-series GPUs for training and inference of large-scale AI models
Gaming: GeForce RTX graphics cards for gamers and content creators
Parallel computing: The CUDA platform for scientific research, enterprise computing, and machine learning
Automotive & Edge: The NVIDIA DRIVE platform for autonomous vehicles
Software & Networking: NVIDIA Networking (InfiniBand, Ethernet), NVIDIA AI Enterprise, and Omniverse

In fiscal year 2025, NVIDIA reported quarterly revenue of $44.1 billion, up 69% year over year. Trailing revenue as of 2026 reached approximately $216 billion. NVIDIA’s market capitalization reached approximately $5.27 trillion as of September 2026, making it the world’s most valuable company by market cap.

What Are bStocks?

bStocks are tokenized securities products from Binance, issued by BTECH Holdings Ltd, an affiliate of the Binance group. Each bStock token represents beneficial exposure to the underlying U.S. stock on a 1:1 basis. The underlying stock is held in custody by a regulated custodian, while the token itself is issued as a BEP-20 asset on BNB Smart Chain.

bStocks enable users to trade fractional exposure to traditional stocks using crypto infrastructure, with the convenience of 24/7 trading and self-custody compatibility. For eligible users, bStocks can be converted 1:1 into the underlying stock without conversion fees.

How Does NVDAB Work?

NVDAB is the bStocks token for NVIDIA Corporation stock. Here’s how it works:

Underlying asset: NVIDIA Corporation stock (NASDAQ: NVDA)
Token standard: BEP-20 on BNB Smart Chain
Issuer: BTECH Holdings Ltd
Trading pair: NVDAB/USDT on Binance Spot
Custody: The underlying stock is held by a regulated custodian

When you buy NVDAB, you are buying a tokenized claim that provides economic exposure to movements in NVIDIA’s stock price. The token does not represent direct ownership of NVIDIA stock, but rather a beneficial interest backed by the underlying stock held in custody.

The Multiplier Mechanism

One of the key features of bStocks is the Multiplier mechanism. This is an on-chain adjustment factor that automatically reflects corporate actions—such as dividends and stock splits—in your token balance without requiring any manual action.

How dividends work:

When NVIDIA pays a dividend, the gross dividend is first subject to the applicable U.S. withholding tax (currently 30%)
The net dividend amount is automatically reinvested in the underlying stock
Your NVDAB balance increases proportionally through the Multiplier adjustment
No cash is distributed to your account—the benefit is reflected through a higher token balance
Net dividends are generally credited earlier than the traditional payment date
The adjustment applies to every fractional token you hold

How stock splits work:

In a stock split, the Multiplier adjusts the number of your tokens according to the split ratio
For example, in a 2-for-1 split, the number of your tokens doubles and the price per token is halved
The overall value of your position remains the same

Note: NVIDIA has a history of conducting stock splits several times. In June 2024, NVIDIA conducted a 10-for-1 split. With NVDAB, every NVIDIA split will be automatically adjusted through the Multiplier without you needing to do anything.

Why Does U.S. Withholding Tax Apply?

Although Binance does not operate in the United States, U.S. withholding tax on dividends still applies because the underlying stock is U.S. equity. Dividends paid by U.S. companies to non-U.S. holders are subject to withholding tax at the source—meaning the tax is deducted before the dividend amount reaches the token issuer or end user.

In the bStocks structure, the token is held through an intermediary entity rather than in your individual name, so treaty benefits that could lower the rate generally do not apply. As a result, the full 30% withholding rate is applied uniformly to all bStocks holders, regardless of their country of residence.

NVDAB vs. Direct Stock Ownership

Feature	NVDAB (bStocks)	Direct Stock (NVDA)
Ownership	Tokenized beneficial interest	Direct equity ownership
Trading hours	24/7 on Binance	NASDAQ market hours only
Fractional ownership	Yes, by design	Depends on the broker
Dividends	Automatically reinvested via the Multiplier (after 30% U.S. tax)	Cash or DRIP, depending on the broker
Conversion	Can be converted 1:1 for eligible users	N/A
Custody	Regulated custodian holds the stock	Broker or direct registration
Transferability	BEP-20 token, compatible with self-custody	Transfer through a broker
Voting rights	Generally not included	Yes, for common stockholders

Important Considerations

Not direct stock ownership: NVDAB provides economic exposure, not direct equity in NVIDIA Corporation
Regulatory risk: Tokenized securities are subject to evolving regulations across jurisdictions
Eligibility restrictions: bStocks are not available to users in all regions, including the United States
Liquidity: Trading volume may differ from that of the underlying stock on NASDAQ
Dividend tax: A 30% U.S. withholding tax applies before reinvestment
Volatility: NVIDIA stock is known to be volatile—its price can move significantly in a short period, both up and down

NVIDIA’s Role in the Global AI and Technology Ecosystem

NVIDIA is more than just a chip company—NVIDIA is the infrastructure powering the AI era. Without NVIDIA GPUs, training large AI models such as ChatGPT, Gemini, and Claude would not be possible at the scale and speed we see today. Nearly every major AI company—from OpenAI, Google, Meta, Microsoft, to Amazon—relies on NVIDIA GPUs to run its operations.

NVIDIA’s position as the world’s most valuable company, with a market cap of more than $5 trillion, reflects how fundamental NVIDIA’s role is in the global AI economy. With NVDAB, crypto users can gain exposure to the performance of NVIDIA stock—and, by extension, the growth of the AI revolution—directly from their crypto wallets, bridging the gap between traditional equity markets and the digital asset ecosystem.

DISCLAIMER: Crypto asset investments carry a high level of risk, and you are solely responsible for any investment decisions you make based on recommendations, research, and information. No government institution or authority is responsible for the risks of such investments. This content is for informational purposes only and does not constitute an offer to sell or buy.

Tokocrypto is licensed and supervised by the Financial Services Authority.

References