Binance, the world’s largest cryptocurrency exchange by trading volume, is relaunching tokenized shares nearly five years after shelving similar products amid regulatory pressure.
The exchange has partnered with tokenization specialist Ondo Finance to list 10 tokenized U.S. 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-stage, riskier crypto projects before they are listed on the centralized spot market.
The lineup includes blockchain-based token versions of Apple, Google, Tesla and Nvidia stocks, as well as Invesco’s QQQ ETF, which tracks the Nasdaq.
U.S. users cannot purchase tokenized shares.
“Our users now have a more convenient way to explore and trade tokenized stocks, in line with our mission of providing 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 partnered with Tesla in April 2021 to offer tokenized shares and later added Coinbase, Strategy, Microsoft and Apple, but shut down the service following scrutiny from the UK’s Financial Conduct Authority and Germany’s BaFin.
Last month, Binance said it was considering venturing into tokenized stocks. Now, listing Ondo-issued tokens on the platform will put this plan into action.
Tokenized stocks are gaining traction in both the cryptocurrency and traditional finance sectors, with the industry’s total value approaching $1 billion, with Ondo having more than $550 million in value locked since September 2025 and a cumulative trading volume of $11 billion.
Trading venues like Kraken, Bybit, and Gemini, as well as brokerage firms like Robinhood, have launched their versions of tokenized stock trading. Wall Street exchanges such as Nasdaq and the New York Stock Exchange (NYSE) have also developed plans to offer trading in stock tokens.
Proponents say blockchain-based stocks could expand access to investors, especially retail users in developing countries who don’t have easy access to brokerage accounts offering U.S. stocks. These tokens can also be used as collateral for decentralized finance (DeFi) borrowing.
Read more: Ondo’s de Bode says NYSE’s 24/7 program could solve key issues with equity tokens