proofofcollateral

Before buying bStock, it’s helpful to open the Proof of Collateral. Binance has a separate section for tokenized securities: this is not a general Proof of Reserves page for the exchange. It helps verify the disclosed collateral for the token based on the underlying asset.
Important detail in the FAQ: collateral information is published periodically and has limitations. It may not reflect real-time calculations, ongoing transactions, corporate events, taxes, fees, or rounding. Therefore, the number on the page should be read together with the date and the update methodology.

With a traditional broker, you trust the statement. Once in a period, a document arrives saying that you have the shares. You cannot verify this yourself; you rely on the intermediary’s reputation and the regulator behind it.
In bStocks, the model is different. Each token is issued against a real share held by a regulated broker-custodian, and the custodian’s holdings are reconciled with the total token supply every day and published publicly on the Proof of Collateral page. The assets are held in an SPV, separated and ring-fenced, and the issuing structure itself is built as bankruptcy-remote. Plus, the token contracts are visible in the BscScan explorer, so part of the picture can be checked without involving the issuer at all.