With a traditional broker, you trust the statement. Once in a period, a document arrives saying that you have the shares. You cannot verify this yourself; you rely on the intermediary’s reputation and the regulator behind it.
In bStocks, the model is different. Each token is issued against a real share held by a regulated broker-custodian, and the custodian’s holdings are reconciled with the total token supply every day and published publicly on the Proof of Collateral page. The assets are held in an SPV, separated and ring-fenced, and the issuing structure itself is built as bankruptcy-remote. Plus, the token contracts are visible in the BscScan explorer, so part of the picture can be checked without involving the issuer at all.