Binance to Reinvest Dividends in TSMC and Salesforce bStocks

Binance has announced that holders of its TSMC ($TSM) and Salesforce ($CRM) bStocks will have their dividend payments reinvested in additional units or fractional units of the same underlying asset. Binance stated in its official notice that for TSMB holders, they must hold the asset as of 9 a.m. KST on September 16, while CRMB holders must hold it as of 9 a.m. KST on September 17 to qualify for the dividend. The company clarified that reinvestment will be based on the net amount after deducting applicable withholding taxes and fees.

bStocks are tokenized securities issued by BTECH Holdings Limited, a subsidiary of the Binance Group, representing ownership stakes in underlying stocks.