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Binance brings back tokenized stocks trading with Ondo Finance deal

Binance brings back tokenized stocks trading with Ondo Finance deal

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…

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