Venus Protocol Launches Tokenized Stock-Backed Lending on BNB Chain

Venus Protocol, a decentralized lending protocol, has launched a tokenized stock-backed lending service.

On June 19, the protocol officially launched a market on BNB Chain that allows users to borrow against tokenized stocks known as bStocks. The launch marks the first time tokenized equities have been accepted as collateral in the Venus ecosystem.

Users can now deposit on-chain U.S. stock assets linked to companies including Tesla, Nvidia and SpaceX into Venus's core pool. By using those holdings as collateral, they can borrow stablecoins without selling their positions, retaining exposure to moves in the value of the underlying stocks while unlocking new liquidity.

The lending service is available 24 hours a day, 365 days a year. Users can access it through Binance Wallet or Trust Wallet, or join by swapping assets directly on PancakeSwap.

"Stocks and DeFi have until now existed as completely separate markets, but today that gap has started to narrow," Venus Protocol said. "Tokenized stocks have now become an active form of collateral within the DeFi ecosystem."