Binance has officially announced that its Flexible Stock Lending (FPSL) product will launch on June 10, marking a slight delay from the previously reported date of June 4. The revised schedule pushes the rollout back by about a week.
FPSL allows users to lend out their stock holdings to the platform in exchange for interest income. Maintaining high liquidity is a key design feature: users can sell their lent shares at any time without waiting for the loan to expire. In return for the lending opportunity, users temporarily give up voting rights attached to the lent shares. Furthermore, any dividends paid during the lending period will be distributed as cash-in-lieu payments—equivalent cash amounts—rather than direct stock dividends.
The introduction of FPSL expands Binance's suite of traditional finance-oriented tools, offering an additional yield-earning avenue for long-term position holders.