Binance Adds JPMorgan, Eli Lilly bStocks as Margin Collateral

This marks another step in tokenized equities moving from novelty to functional collateral, letting traders reuse equity exposure rather than idle it. The 50% haircut signals Binance treats these instruments as meaningfully riskier than stablecoins, which matters for how much leverage they can actually support. The open question is whether other major exchanges follow with similar collateral treatment, and whether these bStock tokens see genuine organic use or remain a niche funding tool.