Binance plans revival of tokenized stock trading on its platform

Binance, the world's largest crypto exchange, is reportedly planning to revive its tokenized stock trading service, which it previously shut down in July 2021 following regulatory scrutiny in the UK and Germany over securities law compliance. The initial service, launched in April 2021, included tokenized equities like Tesla, Coinbase, Microsoft, and Apple. This renewed interest aligns with a broader trend, as other platforms like OKX are also exploring stock-linked products, and major exchanges like the NYSE and Nasdaq seek approval for on-chain stock offerings. Existing onchain platforms, such as Ondo Finance and xStocks, are already catering to the growing demand for tokenized stocks and ETFs.

(Source：Crypto Briefing)