Binance brings back tokenized stocks via Ondo Finance partnership

Binance is re-entering the tokenized stocks market through a new partnership with Ondo Finance, marking the exchange’s first such offering since it discontinued tokenized stocks in 2021.

Binance has added 10 of Ondo’s tokenized U.S. stocks and exchange-traded funds to Binance Alpha and Binance Wallet, including AAPLon, GOOGLon, TSLAon, NVDAon, and QQQon, Ondo Finance President Ian De Bode told The Block.

Binance Alpha is a platform within Binance Wallet that generally lists early-stage crypto projects and serves as a pre-listing token selection pool that may later be considered for listing on the main Binance exchange.

Binance previously launched tokenized stock trading in 2021 but later shut down the offering amid regulatory scrutiny. "We are now making Ondo tokenized securities available for Binance users. The Ondo tokens are digital securities and Binance provides access to these products through our regulatory approvals with the Financial Services Regulatory Authority in Abu Dhabi," a Binance spokesperson told The Block.

Neither Binance nor Ondo tokenized stocks and ETFs are available in the United States.

"Our partnership with Binance signals the clear continued interest for tokenized stocks outside of the U.S.," De Bode said. "Ondo's assets are currently already trading on other major wallets and exchanges (e.g., Gate, Bitget, Metamask, etc.)."

Ondo launched stock tokens through its Ondo Global Markets platform in September 2025. Since then, the platform has surpassed $550 million in total value locked and generated more than $11 billion in cumulative trading volume across tens of thousands of users, according to the company.

"At Binance, we’re committed to giving our users easier access to a wider variety of products that meet their trading needs," Jeff Li, Binance’s vice president of product, said in a statement. "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.”

The move comes as crypto exchanges increasingly look to blend traditional equities exposure with digital asset trading. Earlier Tuesday, Coinbase rolled out stock trading to all users in the U.S., expanding from a limited launch in December, and announced a partnership with Yahoo Finance aimed at broadening distribution.