Binance is distributing Apple’s $0.27-per-share cash dividend to holders of AAPLB, its tokenized representation of Apple stock, by automatically reinvesting the net amount after taxes and fees into additional tokens instead of paying cash. Eligibility is based on holding AAPLB in a Spot Wallet before 00:00 UTC on August 10, 2026. Holders who keep AAPLB on-chain rather than in a Binance Spot Wallet receive the same economic benefit through a multiplier adjustment to their tokens. The setup mirrors a dividend reinvestment plan, or DRIP (automatic dividend share purchase), and Binance says IBM’s tokenized stock, IBMB, follows the same model while trading continues uninterrupted, with AAPLB/USDT as the main pair. The move highlights how Binance’s bStocks program, launched in June 2026 and said to have reached $500 million in assets under management in roughly two months, is tying tokenized equities to traditional custody. Each bStock token is described as 1:1 backed by U.S. equities held at a regulated custodian, but the tokens do not confer legal shareholder status, voting rights, proxy materials or meeting access.