U.S. · Tokenization · Wall Street · Tesla · Decrypt
Binance said its version, due in the coming weeks, will let customers start the tokenization process themselves
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◎ Multiple-sources
"Tokenized stocks could become a major driver of both RWA adoption and crypto more broadly," Misha Putiatin, co-founder of collateral markets platform Symbiotic, told Decrypt.
Key facts
- Daily trading volume across tokenized stocks and ETFs has climbed to $1.68 billion, up 39% over the past month, with monthly transfer volume hitting $3.63 billion, up 36%, and holders rising 31% to 292,590, according to rwa
- Share purchases will be facilitated through broker-dealer Nest Trading, New York-based Alpaca Securities will provide custody, dividend distribution, and corporate action services, with purchases
- The company is offering zero-commission trades to non-U.S. customers and fractional purchases starting at $5 as part of an ambition to build a "multi-asset financial super app," co-CEO Richard Teng
- In February, Binance expanded its tokenization efforts by offering tokenized assets through Ondo Finance on its Binance Alpha platform, while noting that the products "do not grant all shareholder
Summary
Binance will let non-U.S. users trade more than 7,000 U.S. stocks and ETFs with zero commission and fractional buys from $5, according to co-CEO Richard Teng. The exchange previewed "bStocks," a coming feature letting users mint synthetic, tokenized versions of their shares on the BNB blockchain. Experts say the move pushes a crypto-Wall Street convergence, but warn that fragmented regulation and layered custody could constrain adoption. Crypto exchange Binance opened access to more than 7,000 U.S. stocks and ETFs on Monday and laid out plans to let users convert those shares into blockchain tokens. The company is offering zero-commission trades to non-U.S. customers and fractional purchases starting at $5 as part of an ambition to build a "multi-asset financial super app," co-CEO Richard Teng told Fortune.