Binance is evaluating the relaunch of "stock tokens"! The official emphasizes: a necessary step in the integration of traditional finance and cryptocurrencies.

According to the latest report from The Information, cryptocurrency exchange Binance is exploring the possibility of relaunching “Stock Tokens.”
(Background: Binance Research Institute Annual Report: 2025 Crypto Market Bids Farewell to Speculation, 2026 Enters Industryization and Adoption Era)
(Additional context: Data: Binance’s spot trading market share has dropped to 25%, where has the money gone?)

According to the latest report from The Information, cryptocurrency exchange Binance is exploring the possibility of relaunching “Stock Tokens.” It is understood that this product was launched in 2021 but was taken down due to regulatory concerns. Now, as regulatory and market environments gradually change, it has once again attracted market attention.

Binance Has Previously Launched Similar Products

Stock tokens are blockchain tokens issued by digitizing shares of publicly listed companies. Investors can hold partial ownership through tokens without purchasing entire shares, and can complete holding and settlement on the chain, while tracking the underlying asset prices in real-time. These products are seen as an important bridge connecting traditional finance and the crypto market.

Binance previously launched its stock token service in April 2021, initially offering Tesla stock tokens, later expanding to well-known companies such as Coinbase, Strategy, Microsoft, and Apple. However, this move quickly drew regulatory attention. The UK Financial Conduct Authority (FCA) and the German Federal Financial Supervisory Authority (BaFin) questioned whether the product might violate securities regulations. As a result, Binance ultimately shut down the service entirely in July 2021.

Other Market Participants Are Also Watching Closely

In addition to Binance, other market participants are also paying close attention to this field. Haider Rafique, Global Managing Partner of OKX, revealed that OKX is also evaluating opportunities for stock tokens. In the United States, traditional financial institutions such as the New York Stock Exchange (NYSE) and Nasdaq are also seeking regulatory approval to launch related products, indicating that stock tokens are gradually becoming a new focus in cross-market competition.

Regarding the possibility of relaunch, a Binance spokesperson stated that exploring stock tokens is a natural next step in their mission to “bring traditional finance and cryptocurrencies closer together.” However, legal obstacles remain a key challenge. Stock tokens involve several issues that are not yet clearly regulated in pending crypto market structure bills in the U.S. industry experts generally believe that under the current legislative framework, the launch of related products may still be delayed.