Binance Reenters Tokenized US Stock Market With Ondo Finance Partnership

Binance, one of the world's largest cryptocurrency exchanges, is set to relaunch tokenized U.S. stocks and exchange-traded funds (ETFs) through its partnership with Ondo Finance. This move marks a significant milestone for the exchange, which had previously discontinued its tokenized stock offerings in 2021 due to regulatory scrutiny.

The introduction of tokenized equities aligns with the broader trend of real-world asset tokenization, which involves representing traditional financial instruments on blockchain networks. Tokenization offers several benefits, including 24-hour trading access, fractional ownership, enhanced settlement efficiency, and global accessibility.