sPPLT, issued by Stablestocks Lab Limited, is a tokenized commodity product that gives onchain exposure to abrdn Physical Platinum Shares ETF, minted on deposit and burned on redemption and backed one-to-one by a real fund unit held with a licensed broker-dealer. [S1][S2]

sPPLT tracks the live market price of abrdn Physical Platinum Shares ETF (sPPLT), a U.S.-listed exchange-traded fund, with each token backed by one underlying unit in custody. [S1][S3] Tokenholders may stake into StableVault to receive yield-bearing stTokens that combine underlying economics with DeFi strategies. [S4] A StableStock Service Fee of 0.1% of the transaction amount applies, alongside upstream broker platform, settlement, and regulatory fees passed through on each order. [S5]

Stablestocks Lab Limited, brand StableStock, is a British Virgin Islands company operating from Singapore. [S2][S6] It does not hold financial-services licenses and disclaims being a regulated entity, relying on broker-dealer and custody partners holding an Australian AFSL, a Hong Kong SFC Type 1 licence, and a U.S. MSB registration. [S6][S7] A token represents the tokenized underlying with economic rights but no voting rights, reserved for custodian holders. [S1] Tokens are offered only to Qualified Investors and barred from U.S. persons, with KYC and AML verification required. [S6][S5] Holdings are 1:1 backed by units in custody and redeemable at any time for the underlying. [S1][S3]

Tokens are issued and tradable onchain on Bsc through a liquidity partnership with Native. [S1][S8] Tokenholders mint by depositing brokerage-held units one-to-one and redeem by burning to retrieve the underlying, with mint, burn, buy, and sell orders recorded permanently onchain. [S3][S2] Stablecoin rails using USDT and USDC settle the purchase of underlying securities, and reserve coverage is published per asset through weekly assurance reports. [S9][S3]

<Sources
  retrievedAt="2026-06-18"
  items={[
    { id: "S1", url: "https://stablestock.gitbook.io/ss/concepts/stokens" },
    { id: "S2", url: "https://stablestock.gitbook.io/ss/llms-full.txt" },
    { id: "S3", url: "https://stablestock.gitbook.io/ss/concepts/transparency" },
    { id: "S4", url: "https://stablestock.gitbook.io/ss/concepts/stablevault.md" },
    { id: "S5", url: "https://stablestock.gitbook.io/ss/concepts/spot/fee.md" },
    { id: "S6", url: "https://stablestock.gitbook.io/ss/legal/terms_of_use.md" },
    { id: "S7", url: "https://stablestock.gitbook.io/ss/introduction/trust-and-security.md" },
    { id: "S8", url: "https://stablestock.gitbook.io/ss/concepts/stokens.md" },
    { id: "S9", url: "https://stablestock.gitbook.io/ss/solution/our-model.md" },
  ]}
/>


Tokenized commodities

StableStock earns revenue from transaction fees on sStock issuance and redemption via its StableBroker product, and from the spread between deposit/withdrawal flows. Distribution is direct-to-retail (StableBroker app) and B2B via wallet/exchange integrations on BNB Chain.

StableStock issues sStock tokens — ERC-20 tokens on BNB Chain backed 1:1 by the underlying U.S. equity or ETF held at a licensed custodian. The product catalog spans 500+ tokenized stocks and ETFs (e.g. sAAPL, sNVDA, sTSLA, sQQQ) including newly-IPO'd names like sCRCL (Circle) and sBLSH (Bullish) and leveraged/inverse exposures. All sStocks are deployed as BeaconProxy contracts from a single upgradeable factory.

StableStock is an onchain stock asset platform that lets users buy and trade U.S. stocks and ETFs using stablecoins. StableStock is the issuer of sStock tokens — tokenized representations of equities — and is backed by YZi Labs (formerly Binance Labs) among others.

website

twitter

documentation

Real-world asset (RWA) issuers

StableStock

StableStock abrdn Physical Platinum Shares ETF (sPPLT) is a token tracking platinum, backed by dedicated collateral.

Each token tracks one troy ounce of platinum and is a collateral-backed contractual exposure rather than a direct claim on the issuer.

Qualified investors can mint and redeem directly with StableStock after completing KYC, and holders have a contractual right to redeem.

sPPLT is native to BNB Chain as an ERC-20 token.

StableStock abrdn Physical Platinum Shares ETFsPPLT