Binance is preparing to relaunch stock trading on its platform, revisiting a line of business it closed in 2021 after regulatory review, according to a report from The Information.
Binance launched tokenized stocks in April 2021, starting with Tesla and then adding stocks such as Coinbase, Strategy, Microsoft, and Apple. The service was halted in July after regulators in the United Kingdom and Germany questioned whether the products complied with securities laws.
This new push comes as interest in tokenized stocks accelerates across crypto and traditional finance. OKX is also exploring equity-related products, its global managing partner Haider Rafique told The Information.
In the United States, the push to put securities on-chain is emerging as an increasingly attractive activity as the New York Stock Exchange and Nasdaq seek regulatory approval to launch token stock offerings.
Onchain platforms are already working to meet this demand. Ondo Finance currently operates a global markets platform offering over 250 tokenized stocks and ETFs. Another provider, xStocks, also offers on-chain exposure to top stocks on decentralized and centralized trading platforms, highlighting growing investor interest in tokenized stocks.
