Cryptopedia - Direxion Semiconductor Bear 3X ETF Tokenized bStocks
SOXSB is a tokenized bStocks product that provides economic exposure to the Direxion Semiconductor Bear 3X ETF. It grants holders the right to convert tokens into the underlying security on the Binance.com platform, in compliance with applicable laws. The Issuer fully backs each token with the corresponding underlying equity, which is held at a US-regulated broker-dealer. Investors receive price movements and dividends, along with the ability to convert tokens to underlying shares at a 1:1 ratio. These tokens are tradeable 24/7.
