AMATB is a tokenized certificate over shares issued by BTech Holdings Limited, providing economic exposure to a U.S.-listed equity under Binance's bStocks product. [S1]

The token tracks the live price of Applied Materials, Inc. common stock (AMAT), listed on the Nasdaq Stock Market, and is backed 1:1 by an underlying share held with a regulated custodian. [S1] Corporate actions such as stock splits and dividend-related adjustments are processed automatically by the issuer, helping holders keep continuous economic exposure to the underlying equity. [S1] Conversion between the underlying share and AMATB is available at a 1:1 ratio with zero conversion fees, except during corporate actions or platform maintenance. [S1]

BTech Holdings Limited, a Binance group affiliate, issues AMATB through an Approved Prospectus in the Abu Dhabi Global Market (ADGM), following approval by the Financial Services Regulatory Authority (FSRA). [S1] The token is a Certificate representing certain Financial Instruments under paragraph 92, Schedule 1 of the Financial Services and Markets Regulations, and does not represent a share in, or affiliation with, Applied Materials, Inc. [S1] Access is limited to eligible non-U.S. users on a secondary-market basis, with conversion to and from the underlying equity executed through broker-dealer Nest Trading Limited. [S1]

AMATB is issued as a BEP-20 token on BNB Chain (BNB Smart Chain), compatible with BNB Chain wallets and onchain applications. [S1] Tokens are minted and redeemed under the issuer's bStocks Minting and Redemption Product Terms, maintaining a 1:1 conversion ratio with the underlying equity while supporting self-custody. [S1]

<Sources
  retrievedAt="2026-07-28"
  items={[
    { id: "S1", url: "https://www.adgm.com/financial-services-regulatory-authority/listing-authority/official-list-of-securities" },
  ]}
/>


# Asset Price methodology

## 1. Overview

Asset price represents the closing USD value of a tokenized asset at the end of each day. Daily prices are recorded to facilitate the valuation of on-chain activity and the calculation of market capitalization. Each price point reflects the market value at the conclusion of the UTC day.

## 2. Data sources

- **Asset metadata**: Token contract addresses, ticker identifiers, and on-chain launch timestamps
- **External data**: End-of-day price feeds and exchange rate feeds from market data providers
- **Blockchain data**: Data covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others) and non-EVM chains such as Solana, Aptos, and Near

## 3. Step-by-step calculation

### Component A: Market data retrieval

- **Purpose**: Collect raw daily price information
- **Logic**: Daily price data is retrieved from external market data providers. For assets pegged to specific currencies, prices are calculated using a multiplier and daily exchange rates. For assets traded on traditional exchanges where data is unavailable on certain days, such as weekends or holidays, missing values are filled with the last available closing price.

### Component B: Timestamp normalization

- **Purpose**: Align price data with daily reporting periods
- **Logic**: Timestamps are truncated to the daily grain. To accurately reflect the closing value, prices recorded at the start of a day (00:00:00 UTC) are assigned to the preceding calendar day.

### Component C: Asset mapping and deduplication

- **Purpose**: Associate prices with unique assets and resolve data overlaps
- **Logic**: Prices are mapped to assets using unique identifiers for EVM-compatible and non-EVM chains. To ensure data integrity, price records are filtered to include only those occurring on or after the asset's on-chain launch date. In instances where price data for a single asset is available from multiple sources, the data is deduplicated by selecting the record with the highest priority to ensure a single, consistent closing price.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset price

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Real-world asset (RWA) issuers

Binance bStocks

Applied Materials (bStocks Tokenized Stock) (AMATb) is a token tracking AMAT shares, backed by dedicated collateral, issued by Binance bStocks through Btech Holdings Ltd, and distributed through Binance with Nest Trading Limited as broker.

The underlying security is listed in the information technology sector in North America.

Each token tracks one underlying share, entitles holders to dividends, which are distributed as additional tokens, and carries no voting rights.

Residents of the United States and jurisdictions under applicable sanctions cannot mint or redeem with Binance bStocks.

Btech Holdings Ltd is incorporated in the United Arab Emirates, is regulated in Abu Dhabi's ADGM, and is supervised by the Financial Services Regulatory Authority.

AMATb has been issued on BNB Chain as an ERC-20 token since July 2026.

Applied Materials (bStocks Tokenized Stock)AMATb