Regulators in Abu Dhabi have approved trading of Ondo Finance’s tokenised equities on Binance’s regulated platform. This decision will help tokenised stocks move closer to mainstream adoption.
The approval is given by the Financial Services Regulatory Authority (FSRA), which is a regulator in the Abu Dhabi Global Market (ADGM). After this decision, tokenised versions of popular stocks and exchange-traded funds will be able to trade on Binance’s regulated Multilateral Trading Facility.
The offering includes blockchain-based versions of shares linked to major companies such as Amazon, Apple, Microsoft, Nvidia, Tesla, Alphabet and Meta, along with the Invesco QQQ ETF. The products will be available to non-US investors.
This marks the first time tokenised securities have been approved under ADGM’s regulatory framework. The decision opens the door for financial institutions and investors in the UAE to trade tokenised versions of traditional assets.
Supporters say tokenised stocks could transform global markets by making equities easier to access and trade across different platforms, including decentralised finance systems.
Interest in this market is growing quickly. According to industry data, the total value of tokenised real-world assets has already exceeded $1 billion.
For Binance, the approval is particularly significant. The exchange previously shut down a similar tokenised stock service in 2021 after facing regulatory scrutiny in Europe. This new framework provides a fully regulated environment for the concept to develop.
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