Binance Expands Tokenized Stock Market with 25 New Listings

Binance has added 25 new stock tokens to its platform, including Tesla and SK Hynix. This move is part of Binance's strategy to grow its securities brokerage business alongside tokenized stock services.

The new additions include FedEx Freight and Applied Aerospace and Defense. A leveraged ETF tracking SK Hynix was also added as a new trading target. Trades use T+1, the standard settlement method for U.S. stocks, and once settlement is complete users can also use FPSL, a fully paid securities lending programme.

Binance is building a structure that allows the same U.S. assets to be traded in two ways: as traditional securities and as on-chain tokens. Binance Stock Trading operates in line with U.S. market hours, and investors' securities are held in custody. By contrast, bStocks is designed to allow tokenized shares based on the BEP-20 standard to be traded directly from personal wallets.

The value of tokenized assets on the platform rose 29.7 percent over the past 30 days to nearly $753.59 million. The number of holders was also tallied at 1.3 million, up 62 percent. Investors were shown to be holding tokenized shares mainly in large technology stocks such as SpaceX, Nvidia and Tesla.