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The largest cryptocurrency exchange globally has introduced a series of tokenized U.S. equities provided by Ondo Finance on its Binance Alpha platform, revitalizing its stock trading initiative.
Binance (modified by CoinDesk)
Key points:
- Binance is reintroducing tokenized stock trading nearly five years after discontinuing a comparable service due to regulatory challenges.
- The exchange has collaborated with tokenization expert Ondo Finance to include ten U.S. stock, ETF, and commodity-related tokens on the Binance Alpha platform.
- This initiative aligns with the growing popularity of tokenized equities in both crypto and traditional financial markets, with the sector’s worth approaching $1 billion and significant entities like Nasdaq and the NYSE exploring their strategies.
Binance, recognized as the leading crypto exchange by trading volume, is resuming its offering of tokenized stocks nearly five years after it previously halted a similar service under regulatory scrutiny.
The exchange has partnered with Ondo Finance, a specialist in tokenization, to present 10 tokenized U.S. stocks, ETFs, and commodity-linked products on the Binance Alpha platform, as announced in a Tuesday press release.
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Binance Alpha is a component of Binance Wallet, the exchange’s cryptocurrency wallet service that enables users to trade emerging, higher-risk crypto projects prior to their listing on the centralized spot market.
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The collection features blockchain-based token representations of shares from Apple, Google, Tesla, and Nvidia, in addition to Invesco’s Nasdaq-tracking QQQ ETF.
The tokenized stocks are not accessible to users located in the United States.
"Our users now have even more convenient options to explore and trade tokenized stocks, consistent with our goal to provide innovative and accessible trading avenues," stated Jeff Li, Binance’s vice president of product.
This development signifies a resurgence for Binance, which had previously offered tokenized stocks starting in April 2021 with Tesla and subsequently included Coinbase, Strategy, Microsoft, and Apple, before discontinuing the service following scrutiny from the U.K.’s Financial Conduct Authority and Germany’s BaFin.
Recently, Binance indicated it was considering a renewed effort in tokenized equities. The listing of the Ondo-issued tokens on the platform now actualizes that strategy.
Tokenized stocks have seen increased adoption in both crypto and traditional finance, with the sector’s total valuation nearing $1 billion, driven by Ondo’s over $550 million in locked value and $11 billion in cumulative trading volume since September 2025.
Trading platforms like Kraken, Bybit, and Gemini, along with brokerages such as Robinhood, have launched their own iterations of tokenized equities trading. Major Wall Street exchanges like Nasdaq and the New York Stock Exchange (NYSE) have also outlined plans to facilitate trading with stock tokens.
Proponents argue that blockchain-based stocks can enhance investor access, particularly for retail customers in developing nations lacking straightforward access to brokerage accounts for U.S. stocks. Additionally, the tokens can function as collateral for loans in decentralized finance (DeFi).
Read more: NYSE’s 24/7 plan could fix key problem for stock tokens, Ondo’s de Bode says
