Binance Returns to Tokenized Stock Trading with New Partner

Binance, the largest crypto exchange by volume, has announced a comeback in tokenized stock trading after a pause of nearly five years. The company is partnering with Ondo Finance, a specialist in turning real‑world assets into blockchain tokens, to list ten tokenized U. S. equities and related products on its Binance Alpha platform. Binance Alpha sits inside the Binance Wallet service, letting users trade early‑stage or riskier crypto projects before they hit the main spot market. The new lineup features token versions of big names like Apple, Google, Tesla and Nvidia, plus the Nasdaq‑tracking QQQ ETF from Invesco. These tokens are currently not available to U. S. users. “Customers now have more ways to explore and trade tokenized stocks, fitting our goal of innovative and accessible trading, ” said Jeff Li, Binance’s vice‑president of product. The move signals a renewed push toward tokenized equities that the exchange had paused in 2021 after regulatory scrutiny from the U. K. and Germany.Tokenized stocks have grown steadily, with a market value approaching $1 billion. Ondo alone has locked over $550 million in tokenized assets and seen $11 billion in trading volume since September 2025. Other platforms—Kraken, Bybit, Gemini, and even traditional brokerages like Robinhood—have also launched similar offerings. Major Wall Street exchanges such as Nasdaq and the NYSE are planning tokenized trading too. Advocates argue that blockchain‑based stocks can broaden access for retail investors, especially in developing regions where traditional brokerage services are scarce. Additionally, these tokens can be used as collateral in decentralized finance (DeFi) lending.