Binance to Support Nokia (NOK) Cash Dividend Distribution for NOKB Holders

According to the announcement from Binance, the platform will support the Nokia (NOK) cash dividend distribution via bStocks for NOKB holders. Eligible users will receive dividends in the form of NOKB bStocks, with the net cash dividend reinvested after applicable withholding taxes, fees, costs, and other deductions into additional units or fractions of the same underlying security. For on-chain holders of NOKB, the dividend will be delivered through a multiplier adjustment. Binance said general trading of NOKB/USDT will not be affected by the distribution. The announcement also states that users with NOKB holdings on the record date snapshot at 2026-07-28 00:00 (UTC) will be eligible for the dividend distribution. Binance added that dividends earned from assets held in other accounts will be credited to the Spot account, including but not limited to Savings Account and Margin Account. The exchange said it will handle the technical requirements for users involved in the event. At 2026-07-27 23:45 (UTC), Binance will suspend the Token Conversion service for 1:1 swaps between NOK stock and NOKB bStocks. At the same time, deposits and withdrawals of NOKB tokens will also be suspended, and Binance said users should allow enough time for deposits to be fully processed before that time. Deposits, withdrawals, and the Token Conversion service for NOKB will resume when the distribution is completed, and no further announcement will be posted. Binance Convert will also pause the conversion of NOKB and all associated pairs at 2026-07-27 23:45 (UTC). The announcement says reinvestment and distribution of dividends will occur after deduction of withholding tax.