Binance has reintroduced tokenized U.S. equities four years after discontinuing the product under regulatory pressure. The move signals renewed appetite for blockchain-based securities outside the United States.
Through a partnership with Ondo Finance, Binance added 10 tokenized U.S. stocks and exchange-traded funds to Binance Alpha and Binance Wallet, including AAPLon, GOOGLon, TSLAon, NVDAon, and QQQon. Binance Alpha operates within Binance Wallet as a pre-listing pool for early-stage tokens that may later be considered for the main exchange. A Binance spokesperson said access is provided under regulatory approvals with the Financial Services Regulatory Authority in Abu Dhabi.
Is Tokenized Equity Trading Regaining Momentum?
Binance previously launched tokenized stocks in 2021 but shut the offering amid regulatory scrutiny. The current rollout excludes U.S. users, and neither Binance nor Ondo’s tokenized equities are available domestically.
“Our partnership with Binance signals the clear continued interest for tokenized stocks outside of the U.S.,” said Ian De Bode, President of Ondo Finance.
Ondo introduced stock tokens via its Ondo Global Markets platform in September 2025. Since launch, the platform has surpassed $550 million in total value locked (TVL) and generated more than $11 billion in cumulative trading volume across tens of thousands of users, according to the company. The figures suggest sustained demand despite jurisdictional limits.
The announcement comes as exchanges increasingly blend traditional equities exposure with digital asset infrastructure. Coinbase on Tuesday expanded stock trading access to all U.S. users after a limited December rollout and disclosed a distribution partnership with Yahoo Finance.
“Our users now have even more convenient ways to explore and trade tokenized securities,” said Jeff Li, Binance’s vice president of product.
For Binance, the test lies in scaling compliant access without repeating past regulatory setbacks. Market participants will watch user uptake on Binance Alpha and whether additional jurisdictions approve broader distribution of tokenized securities.
