Binance Considers Reintroducing Tokenized Stock Trading After 2021 Exit

Blockchain exchange Binance is exploring the reintroduction of tokenized stock trading, a service it previously discontinued in 2021. These digital assets represent fractional ownership of shares in public companies like Apple and Microsoft, settled on blockchain networks. A spokesperson highlighted Binance's commitment to integrating traditional finance with crypto, noting recent launches of regulated stablecoin-based perpetual contracts. This move follows similar interest from competitors OKX and U.S. exchanges NYSE and Nasdaq, though regulatory challenges persist. The Information first reported on Binance's plans, amid ongoing legal debates over tokenized securities in Congress.