Binance and OKX To Enter TradFi With Tokenized Stocks

Major crypto exchanges Binance and OKX are reportedly considering reintroducing tokenized US stocks as a strategic move to capture yields from traditional finance (TradFi) due to stagnant crypto trading volumes. Binance previously launched and then abandoned stock tokens in 2021 following regulatory pressure from bodies like Germany's BaFin and the UK's FCA, which deemed them unlicensed securities offerings. Reports suggest Binance aims to relaunch for non-US users to bypass SEC oversight and create a 24/7 market, a move a spokesperson called a "natural next step" in bridging TradFi and crypto. OKX is also reportedly weighing similar offerings as part of its Real-World Asset (RWA) expansion. This push comes as crypto markets face liquidity traps and low trading volumes in early 2026, contrasting with strong rallies in US tech stocks, driving demand for equity exposure within the crypto ecosystem. Tokenized stocks, which mirror share prices and allow 24/7 trading, are a growing market, currently valued around $912 million. Binance and OKX aim to leverage their massive user bases to compete with existing players like Robinhood, which has already launched tokenized stocks in the EU/EEA, potentially using tokenized equities as a crucial lifeline to attract capital back to their platforms.

(Source：BeInCrypto)