Binance, the world’s largest cryptocurrency exchange by trading volume, is once again offering tokenized shares nearly five years after shelving a similar product under regulatory pressure.
The exchange has partnered with tokenization specialist Ondo Finance to list 10 tokenized US 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 riskier, early-stage crypto projects before listing them on the centralized spot market.
The lineup includes blockchain-based token versions of Apple, Google, Tesla and Nvidia stocks, along with Invesco’s Nasdaq-tracking QQQ ETF.
Tokenized shares are not available to users in the United States.
“Our users now have even more convenient ways to explore and trade tokenized securities, in line with our mission to offer innovative and accessible trading opportunities,” Jeff Li, vice president of product at Binance, said in a statement.
The move marks a comeback for Binance, which offered tokenized shares in April 2021 with Tesla and later added Coinbase, Strategy, Microsoft and Apple, before shutting down the service after scrutiny from the UK’s Financial Conduct Authority and Germany’s BaFin.
Last month, Binance said it was considering a new push into tokenized stocks. Listing Ondo-issued tokens on the platform now puts that plan into action.
Tokenized stocks have gained traction in cryptocurrencies and traditional finance, with the sector’s total value 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 like Kraken, Bybit, and Gemini and brokerages like Robinhood launched their versions of tokenized stock trading. Wall Street exchanges such as Nasdaq and the New York Stock Exchange (NYSE) also unveiled plans to offer stock token trading.
Blockchain-based stocks can expand investor access, especially to retail users in developing countries without easy access to brokerage accounts offering U.S. stocks, advocates say. The tokens can also serve as collateral for loans in decentralized finance (DeFi).
Read more: NYSE’s 24/7 plan could fix key problem for equity tokens, says Ondo’s de Bode
