Binance said it will support cash dividend distributions for tokenized stock products tied to Marvell Technology and Oracle through bStocks. Eligible holders of MRVLB and ORCLB will receive the corresponding payouts. According to the exchange’s announcement, the cash dividends, after withholding tax, fees, and other related costs, will be automatically reinvested into the underlying securities and distributed as additional tokenized security shares in MRVLB or ORCLB form. For on-chain holders, the entitlement will be reflected through a multiplier adjustment. Binance will take a balance snapshot at 08:00 Beijing time on Oct. 9. It will suspend deposits, withdrawals, and conversion services for the related tokens at 07:30 the same day, while spot trading for MRVLB/USDT and ORCLB/USDT will remain available. The suspended services will resume after the dividend distribution is completed.
Binance said it will support cash dividend distributions for tokenized stock products linked to Marvell Technology (MRVL) and Oracle (ORCL) through bStocks, with eligible MRVLB and ORCLB holders set to receive the corresponding payouts.
Dividends will be paid as additional tokenized share units
According to the announcement, cash dividends, after withholding tax, fees, and other related costs, will be automatically reinvested into the corresponding underlying securities and distributed in the form of additional MRVLB or ORCLB tokenized security shares. For on-chain holders, the entitlement will be reflected through a multiplier adjustment.
Snapshot scheduled for Oct. 9
Binance will take a holdings snapshot at 08:00 Beijing time on Oct. 9 and will suspend deposits, withdrawals, and conversion services for the related tokens at 07:30 that day. Spot trading for MRVLB/USDT and ORCLB/USDT will not be affected. The suspended services will resume after the dividend distribution is completed.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
