Binance brings back tokenized stocks trading with Ondo Finance deal

Binance, the world’s largest crypto exchange by trading volume, is returning to offer tokenized stocks nearly five years after shelving a similar product under regulatory pressure.

The exchange has teamed up with tokenization specialist Ondo Finance to list 10 tokenized U.S. stocks, ETFs and commodity-linked products on the Binance Alpha platform, the companies said in a Tuesday press release.

Binance Alpha is a platform within Binance Wallet, the exchange's crypto wallet service, that allows users to trade early-stage, riskier crypto projects before listing them on the centralized spot marketplace.

The lineup includes blockchain-based token versions of Apple, Google, Tesla and Nvidia shares, along with the Invesco's Nasdaq-tracking QQQ ETF.

The tokenized stocks are not available to users in the United States.

"Our users now have even more convenient ways to explore and trade tokenized stocks, in line with our mission to offer innovative and accessible trading opportunities," Jeff Li, Binance's vice president of product, said in a statement.

The move marks a comeback for Binance, having offered tokenized stocks in April 2021 with Tesla and later added Coinbase, Strategy, Microsoft and Apple, before shutting the service after scrutiny from the U.K.’s Financial Conduct Authority and Germany’s BaFin.

Last month, Binance said it was weighing a fresh push into tokenized equities. Listing the Ondo-issued tokens on the platform now puts that plan into action.

Tokenized stocks have gained traction across crypto and traditional finance, with sector’s total value is approaching $1 billion, led by Ondo’s more than $550 million in locked value and $11 billion in cumulative trading volume since September 2025.

Trading venues such as Kraken, Bybit and Gemini and brokerages like Robinhood rolled out their versions of tokenized equities trading. Wall Street exchanges such as Nasdaq and the New York Stock Exchange (NYSE) also laid out plans to offer trading with stocks tokens.

Blockchain-based stocks can widen investor access, especially to retail users in developing countries without easy access to brokerage accounts offering U.S. stocks, proponents say. The tokens can also serve as collateral for borrowing in decentralized finance (DeFi).

Read more: NYSE's 24/7 plan could fix key problem for stock tokens, Ondo's de Bode says