Binance brings back tokenized stocks trading with Ondo Finance deal

AI Summary4 min read

TL;DR

Binance relaunches tokenized stock trading after 5 years, partnering with Ondo Finance to list 10 U.S. stock/ETF tokens on Binance Alpha. This marks a comeback as tokenized equities gain momentum, with sector value nearing $1 billion.

Key Takeaways

•Binance partners with Ondo Finance to list 10 tokenized U.S. stocks, ETFs, and commodities on Binance Alpha platform.
•Tokenized equities sector is growing rapidly, with total value approaching $1 billion and major exchanges like Nasdaq pursuing similar plans.
•Binance previously offered tokenized stocks in 2021 but shut down due to regulatory pressure from UK and German authorities.
•Tokenized stocks can expand investor access globally and serve as DeFi collateral, though not available to U.S. users.
•The move reflects broader industry trend with Kraken, Bybit, Gemini, and Robinhood also offering tokenized equity trading.

What to know:

Binance is relaunching tokenized stock trading nearly five years after shutting a similar service under regulatory pressure.
The exchange has partnered with tokenization specialist Ondo Finance to list ten U.S. stock, ETF and commodity-linked tokens on the Binance Alpha platform.
The move comes as tokenized equities gain momentum across crypto and traditional finance, with the sector’s value nearing $1 billion and major players like Nasdaq and the NYSE pursuing their own plans.

Binance is relaunching tokenized stock trading nearly five years after shutting a similar service under regulatory pressure.
The exchange has partnered with tokenization specialist Ondo Finance to list ten U.S. stock, ETF and commodity-linked tokens on the Binance Alpha platform.
The move comes as tokenized equities gain momentum across crypto and traditional finance, with the sector’s value nearing $1 billion and major players like Nasdaq and the NYSE pursuing their own plans.

Binance, the world’s largest crypto exchange by trading volume, is returning to offer tokenized stocks nearly five years after shelving a similar product under regulatory pressure.

The exchange has teamed up with tokenization specialist Ondo Finance to list 10 tokenized U.S. stocks, ETFs and commodity-linked products on the Binance Alpha platform, the companies said in a Tuesday press release.

Binance Alpha is a platform within Binance Wallet, the exchange's crypto wallet service, that allows users to trade early-stage, riskier crypto projects before listing them on the centralized spot marketplace.

The lineup includes blockchain-based token versions of Apple, Google, Tesla and Nvidia shares, along with the Invesco's Nasdaq-tracking QQQ ETF.

The tokenized stocks are not available to users in the United States.

"Our users now have even more convenient ways to explore and trade tokenized securities, in line with our mission to offer innovative and accessible trading opportunities," Jeff Li, Binance's vice president of product, said in a statement.

The move marks a comeback for Binance, having offered tokenized stocks in April 2021 with Tesla and later added Coinbase, Strategy, Microsoft and Apple, before shutting the service after scrutiny from the U.K.’s Financial Conduct Authority and Germany’s BaFin.

Last month, Binance said it was weighing a fresh push into tokenized equities. Listing the Ondo-issued tokens on the platform now puts that plan into action.

Tokenized stocks have gained traction across crypto and traditional finance, with sector’s total value is approaching $1 billion, led by Ondo’s more than $550 million in locked value and $11 billion in cumulative trading volume since September 2025.

Trading venues such as Kraken, Bybit and Gemini and brokerages like Robinhood rolled out their versions of tokenized equities trading. Wall Street exchanges such as Nasdaq and the New York Stock Exchange (NYSE) also laid out plans to offer trading with stocks tokens.

Blockchain-based stocks can widen investor access, especially to retail users in developing countries without easy access to brokerage accounts offering U.S. stocks, proponents say. The tokens can also serve as collateral for borrowing in decentralized finance (DeFi).

Stablecoin volume is decoupling from the crypto market cycles as real-world use expands, payments firm Stripe said in its annual letter.
Bridge, the stablecoin platform acquired by Stripe, saw transaction volume more than quadruple in 2025, the letter said.
Stablecoins, or digital versions of fiat money, are increasingly viewed as an alternative for cross-border payments with Facebook parent Meta said to be the latest to explore developing its own token.

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