Connect with us

Crypto World

Crypto exchange giant Binance revives tokenized stocks trading with Ondo Finance

Published

on

Crypto exchange giant Binance revives tokenized stocks trading with Ondo Finance

Binance, the world’s largest crypto exchange by trading volume, is returning to offer tokenized stocks nearly five years after shelving a similar product under regulatory pressure.

The exchange has teamed up with tokenization specialist Ondo Finance to list 10 tokenized U.S. stocks, ETFs and commodity-linked products on the Binance Alpha platform, the companies said in a Tuesday press release.

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 listing them on the centralized spot marketplace.

The lineup includes blockchain-based token versions of Apple, Google, Tesla and Nvidia shares, along with the Invesco’s Nasdaq-tracking QQQ ETF.

Advertisement

The tokenized stocks are not available to users in the United States.

“Our users now have even more convenient ways to explore and trade tokenized securities, in line with our mission to offer innovative and accessible trading opportunities,” Jeff Li, Binance’s vice president of product, said in a statement.

The move marks a comeback for Binance, having offered tokenized stocks in April 2021 with Tesla and later added Coinbase, Strategy, Microsoft and Apple, before shutting the service after scrutiny from the U.K.’s Financial Conduct Authority and Germany’s BaFin.

Last month, Binance said it was weighing a fresh push into tokenized equities. Listing the Ondo-issued tokens on the platform now puts that plan into action.

Advertisement

Tokenized stocks have gained traction across crypto and traditional finance, with sector’s total value is approaching $1 billion, led by Ondo’s more than $550 million in locked value and $11 billion in cumulative trading volume since September 2025.

Trading venues such as Kraken, Bybit and Gemini and brokerages like Robinhood rolled out their versions of tokenized equities trading. Wall Street exchanges such as Nasdaq and the New York Stock Exchange (NYSE) also laid out plans to offer trading with stocks tokens.

Blockchain-based stocks can widen investor access, especially to retail users in developing countries without easy access to brokerage accounts offering U.S. stocks, proponents say. The tokens can also serve as collateral for borrowing in decentralized finance (DeFi).

Read more: NYSE’s 24/7 plan could fix key problem for stock tokens, Ondo’s de Bode says

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Blockchain Association Pitches Crypto Tax Plan to Congress

Published

on

Blockchain Association Pitches Crypto Tax Plan to Congress

The Blockchain Association urged Congress to exempt low-dollar crypto transactions and tax mining and staking rewards upon sale.

A US crypto lobby group has shared with Congress its tax proposals for crypto and has met with House lawmakers working on a crypto tax bill to shape one of the industry’s top policy priorities.

The Blockchain Association released its crypto tax policy positions on Tuesday, which called for stablecoins to be treated as cash for ordinary purchases and for a de minimis tax exemption on “low-dollar” crypto transactions.

Advertisement

It argued that tax reporting for “negligible gains or losses from routine transactions imposes disproportionate costs on individuals and overwhelms tax administration without meaningful revenue upside.”

The group also said it supports extending wash-sale rules to digital assets, which would limit investors’ ability to claim losses if they repurchase the same asset within a specified period.

The Blockchain Association’s efforts come as lawmakers debate how to tax crypto.

Republican Senator Cynthia Lummis introduced a bill in July to tax-exempt some crypto transactions, which was met with opposition from Democratic Senator Elizabeth Warren.

Advertisement
Source: Blockchain Association

The Blockchain Association argued that tax reporting for digital assets should safeguard taxpayer privacy while still enabling effective enforcement against illicit crypto activities.

It also argued that mining and staking rewards should be treated as self-created property and taxed when sold or otherwise disposed of, rather than when they are received.

Related: Dutch House of Representatives advances controversial 36% tax law

The organization met with White House officials earlier this month to advance market structure legislation that includes favorable stablecoin rewards provisions.

Warren opposes proposed crypto tax laws

Lummis’ crypto tax bill included several provisions that the Blockchain Association advocated for, but that faced strong opposition from Warren in October.

Advertisement