IBMb is a tokenized stock product whose token tracks the price of the underlying listed equity, International Business Machines Corporation common stock (IBM), and provides its holder economic exposure to that single reference security rather than direct legal ownership of shares.

The reference asset is International Business Machines Corporation common stock, listed on the New York Stock Exchange under the ticker IBM. The token is structured to follow the market price of that single equity, so a tokenholder gains the economic profit or loss that a movement in the underlying IBM share price produces. If the underlying issues a dividend or distribution and eligibility requirements are met, holders receive a corresponding amount, and the token confers no voting rights in the underlying company.

The token represents economic exposure to International Business Machines Corporation common stock (IBM) rather than registered legal title to the shares themselves, so a tokenholder is a contractual claimant whose entitlement derives from the underlying equity rather than a shareholder of record in International Business Machines Corporation. A holder of the token does not appear on the share register of the underlying company, does not exercise the voting rights attached to IBM, and relies on the issuing arrangement to mirror the economic outcome of holding the underlying listed security.

As a tokenized representation of International Business Machines Corporation common stock (IBM), the token is issued by Binance under its bStocks product on BNB Chain, recording ownership and transfers onchain, with balances held and moved between addresses through smart contract logic on a public blockchain. Transfers settle onchain when the network confirms the transaction, and the token is held in self-custody or third-party custody wallets in the same manner as other fungible blockchain tokens.

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  items={[
    { id: "S1", url: "https://www.coingecko.com/en/coins/ibm-bstocks-tokenized-stock" },
    { id: "S2", url: "https://bscscan.com/token/0xfa273b076feb8c0fb34e554ae341082323d016a3" },
    { id: "S3", url: "https://www.binance.com/en/bstocks" },
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# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

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

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized stocks

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Real-world asset (RWA) issuers

Binance bStocks

IBM (bStocks Tokenized Stock) (IBMb) is a token tracking IBM shares, backed by dedicated collateral, issued by Binance bStocks through Btech Holdings Ltd, and distributed through Binance bStocks with Alpaca and 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, carries no voting rights, and carries an annual fee of 0%.

The collateral assets are held by Alpaca Securities LLC in segregated accounts within a bankruptcy-remote structure.

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.

Holder terms are governed by the law of the United Arab Emirates.

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

IBM (bStocks Tokenized Stock)IBMb