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With crypto exchanges and TradFi tycoons alike engaged in a frenzied arms race to launch their own tokenized stock markets, The Information now reports that crypto exchange 
Binance is exploring a reintroduction of stock tokens.
What's the Scoop?
- Ready to Relaunch: In the wake of numerous warnings from global financial regulators that its stock tokens may be issued in violation of the law, Binance announced in July 2021 that it would cease all support for stock tokens. Now, The Information reports that the crypto exchange is exploring a reintroduction of markets for tokenized stocks.
- 'Exploring the Potential...": A spokesperson for Binance seemed to soft-confirm the scoop, telling The Information that “exploring the potential to offer tokenized equities is a natural next step in our mission to bring trad fi [traditional finance] and crypto closer together.”
- Growing Trend: Tokenization has become a focal point of development for crypto-native and TradFi institutions alike over the past year; sector momentum is highly visible and continues to accelerate. JPMorgan is issuing deposits onchain with Base and Canton. The DTCC and NYSE are advancing landmark tokenization initiatives. Coinbase, Kraken, and Hyperliquid have all shipped stock-related markets.
