Binance Set to Relaunch Tokenized Stock Trading
- Binance plans to restart stock trading on its platform, a venture it halted in 2021 due to regulatory issues.
- The initial launch in April 2021 included tokenized equities like Tesla and Apple, but was discontinued by July.
- Regulatory concerns from the UK and Germany prompted the initial shutdown of Binance’s stock trading service.
- Interest in tokenized equities is growing, with platforms like Ondo Finance offering over 250 tokenized stocks and ETFs.
- In the US, major exchanges such as the New York Stock Exchange and Nasdaq are seeking approval for tokenized stock offerings.
The revival of Binance’s tokenized stock trading comes amid increasing interest in on-chain securities. With other platforms like Ondo Finance expanding their offerings, the market for tokenized stocks is gaining momentum.
Source (3.2)https://cryptobriefing.com/binance-stock-trading-relaunch/?rand=59535
