Almost five years after shelving a comparable product due to regulatory pressure, Binance, the largest cryptocurrency exchange in the world by trading volume, is now providing tokenised equities once more.
Ten tokenised U.S. equities, ETFs, and commodities-linked products will be listed on the Binance Alpha platform thanks to a partnership between the exchange and tokenisation expert Ondo Finance.
Before placing them on the centralised spot marketplace, customers can trade riskier and early-stage cryptocurrency projects on Binance Alpha, a platform available as a part of Binance Wallet, the exchange’s cryptocurrency wallet service.
Along with Invesco’s Nasdaq-tracking QQQ ETF, the roster also includes blockchain-based token representations of shares of Apple, Google, Tesla, and Nvidia.
Users in the US cannot access the tokenised stocks.
Binance is making a comeback after offering tokenised equities with Tesla in April 2021. It later added Coinbase, Strategy, Microsoft and Apple before closing the service due to scrutiny from Germany’s BaFin and the UK’s Financial Conduct Authority.
Binance announced last month that it was considering a new foray into tokenised stocks. That idea is currently implemented by listing the Ondo-issued tokens on the site.
Tokenised equities have been popular in both traditional finance and cryptocurrency. The sector’s total worth is close to $1 billion, with Ondo leading the way with over $550 million in locked value and $11 billion in cumulative trading volume since September 2025.
Tokenised equity trading was introduced by brokerages like Robinhood and trading platforms like Kraken, Bybit, and Gemini.
Wall Street exchanges such as Nasdaq and the New York Stock Exchange (NYSE) also laid out plans to offer trading with stock.
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