Venus adds Binance bStocks as collateral; borrowing paused

Venus Protocol added Binance tokenized stocks TSLAB, NVDAB and SPCXB to its Core Pool on June 20 while pausing borrowing and setting initial borrow caps to zero.

The protocol listed collateral factors of 60% for TSLAB and NVDAB and 50% for SPCXB. The proposal also includes supply caps and an oracle-protection trigger alongside the collateral settings.

Venus opened the collateral layer so users can supply the stock-linked tokens into the Core Pool. The proposal specifies that borrowing is paused at launch and that each market has a borrow cap of 0.

Binance describes the tokens as 1:1-backed tokenized securities issued by BTech Holdings Limited and available to eligible users in permitted jurisdictions. The tokens provide stock-linked exposure and do not represent direct ownership of Tesla, Nvidia or SpaceX shares.

Binance listed spot pairs for TSLAB and NVDAB on June 11 and added SPCXB shortly after. BNB Chain classified the tokens as BEP-20 securities and identified Venus as a possible protocol integration.

PancakeSwap offers a decentralized trading route for the tokens and Trust Wallet supports custody. Those integrations enable movement from centralized listings into wallets and DEX interfaces while issuer constraints and eligibility rules remain attached to the assets.

The protocol set conservative parameters at launch: lower collateral factors for the assets than for many crypto-native tokens and borrow caps of zero to prevent immediate leverage. Venus’ total value locked was about $1.04 billion at the time of the rollout, and major stablecoins such as USDT and USDC remain primary liquidity rails in DeFi.

Tokenized equities differ from crypto-native assets because on-chain representations operate 24/7 while underlying equity markets close and issuer permissions or redemption rules follow off-chain processes. Those differences affect oracle design, timing of price updates, jurisdictional eligibility, and how liquidations could be executed when traditional markets are closed or constrained.

The launch creates collateral markets for three Binance tokenized stocks inside Venus’ lending framework. The public record documents the collateral factors, supply caps, oracle protections and the paused borrowing status at launch.