OpenStocks BNB Chain Tokens Give Holders No Claim to Private Shares

OpenStocks offers BNB Chain tokens tied to private-company shares, but they are unavailable in the United States and to U.S. persons, and holders do not own the underlying stock.

Holding a token gives its owner economic exposure without a claim on the referenced shares or shareholder rights. Possible ways to structure that exposure include special purpose vehicles (SPVs) and derivatives. Neither structure is confirmed as backing any particular token.

The token price is not guaranteed to track a reference share price closely. Trading takes place in onchain liquidity pools, where prices can differ materially from the referenced shares. A buyer therefore receives neither the shares themselves nor an assurance that the token will trade at the same price.

The distinction matters as the broader market for stock-linked tokens grows. Their total value exceeded $3 billion by late September, up from roughly $700 million at the start of 2026. Those figures describe the wider market in an earlier market snapshot, rather than the value or ownership rights of OpenStocks tokens.