Binance launched trading for over 7,000 US stocks and ETFs while previewing tokenized bStocks on BNB Chain.
Binance News
Binance has opened trading in more than 7,000 US-listed stocks and exchange-traded funds (ETFs) for customers outside the United States. The move expands the exchange beyond crypto. Co-CEO Richard Teng described it as part of a push to build a multi-asset financial super app.
The product launched June 1 with zero-commission trades and fractional purchases from $5. Customers can fund positions with USD Coin (USDC), Tether (USDT), BNB, or other digital assets.
Broker-dealer Nest Trading will arrange the share purchases, while New York-based Alpaca Securities will handle custody, dividend distribution, and corporate actions. Teng told Fortune that US equities make up well over half of the global market, yet remain costly and hard to reach for many overseas investors.
Binance also previewed bStocks, an upcoming feature that will let users convert the shares they buy into tokenized assets on BNB Chain. That means customers will be able to start the tokenization process themselves.
The exchange said the tokens will settle in near real time, compared with the one-day-plus clearing of conventional stock trades. It added that the tokens could be used in DeFi applications such as lending and liquidity provision. The feature is due in the coming weeks.
Tokenized Equities Gain Traction
Daily trading volume across tokenized stocks and ETFs reached $1.68 billion, up 39% over the past month, according to RWA(dot)xyz. Monthly transfer volume rose to $3.63 billion, and the number of holders climbed 31% to 292,590.
This launch is Binance's biggest equity push since it wound down an earlier tokenized-stock program in 2021. The exchange returned to the space in February, listing 10 tokenized US stocks and ETFs through a partnership with Ondo Finance. It noted then that the products did not grant all shareholder rights, including voting.
Other firms have built competing products. Over the past year, Kraken and Robinhood each launched tokenized equity offerings, and Coinbase integrated Yahoo Finance tickers into its platform. Nasdaq partnered with Kraken parent Payward to develop tokenized equities, with a launch planned for 2027.
The SEC delayed a planned innovation exemption for tokenized assets. It cited concerns that third-party tokens, digital versions of shares issued without the company's approval, could complicate dividend payments and shareholder votes.
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