Binance brings back tokenized stocks via Ondo Finance partnership

Binance is re-entering the tokenized stocks market by partnering with Ondo Finance, marking its return to this offering after discontinuing it in 2021 due to regulatory scrutiny. The exchange has added 10 of Ondo’s tokenized U.S. stocks and ETFs, such as AAPLon and TSLAon, to Binance Alpha and Binance Wallet. A Binance spokesperson confirmed that access is provided through regulatory approvals in Abu Dhabi. Ondo Finance President Ian De Bode noted that this partnership signals continued interest in tokenized stocks outside the U.S., where Ondo’s assets already trade on other platforms like Gate and MetaMask. Neither Binance nor Ondo tokenized stocks are available in the United States. This move aligns with a broader industry trend, as Coinbase also recently expanded its stock trading offerings.

(Source：The Block)