Invesco QQQ Trust (bStocks Tokenized Stock) QQQb
Invesco QQQ Trust (bStocks Tokenized Stock) (QQQb) is a tokenized exposure to the underlying security issued by Binance bStocks through Btech Holdings Ltd and distributed through Binance bStocks with Nest Trading Limited and Alpaca Securities LLC as broker. Each token tracks one underlying share, entitles holders to dividends, which are reinvested into the token, carries no voting rights, and carries an annual fee of 0%. The underlying shares are held by Alpaca Securities LLC in segregated accounts within a bankruptcy-remote structure and Crowe Mak LLP as auditor. Residents of Australia, Canada, Hong Kong and other jurisdictions the issuer restricts cannot mint or redeem with Binance bStocks. Btech Holdings Ltd is incorporated in the United Arab Emirates, is offered under an SEC Regulation S exemption, 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. QQQb has been issued on BNB Chain as an ERC-20 token since June 2026.