Binance, the world’s largest crypto exchange by trading volume, is returning to offer tokenized shares 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 US stocks, ETFs and commodity-related products on the Binance Alpha platform, the companies said in a press release on Tuesday.
Binance Alpha is a platform within Binance Wallet, the exchange’s crypto wallet service, that allows users to trade early, riskier crypto projects before they are listed on the centralized spot marketplace.
The selection includes blockchain-based token versions of Apple, Google, Tesla and Nvidia stocks, along with Invesco’s Nasdaq-tracking QQQ ETF.
The tokenized shares 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 provide innovative and accessible trading options,” Jeff Li, Binance’s vice president of product, said in a statement.
The move marks a comeback for Binance, after offering tokenized shares in April 2021 with Tesla and later adding Coinbase, Strategy, Microsoft and Apple before shutting down the service following investigation by Britain’s Financial Conduct Authority and Germany’s BaFin.
Last month, Binance said it was weighing a new push into tokenized stocks. Listing the Ondo-issued tokens on the platform now puts this plan into action.
Tokenized stocks have gained traction across crypto 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 such as Kraken, Bybit and Gemini and brokerages such as Robinhood rolled out their versions of tokenized stock trading. Wall Street exchanges such as Nasdaq and the New York Stock Exchange (NYSE) also made plans to offer trading in equity tokens.
Blockchain-based stocks could expand investor access, especially to retail users in developing countries without easy access to brokerage accounts that offer U.S. stocks, supporters say. The tokens can also serve as collateral for loans in decentralized finance (DeFi).
Read more: NYSE’s 24/7 plan could solve key problem for equity tokens, says Ondo’s de Bode
