Binance Gains Abu Dhabi Approval for Tokenized Equity Trading
Abu Dhabi's financial regulator, the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), has cleared Ondo Finance's tokenized equities for trading on Binance's regulated platform in the emirate. This marks the first time the ADGM has approved tokenized securities trading under its regulatory framework.
The approval permits UAE-based financial institutions, intermediaries, and counterparties to deal in token versions of publicly listed equities. Ondo structures these products as equity-linked notes tied to the underlying shares rather than issuing direct token equivalents.
The firm says it has processed more than $11 billion in cumulative trading volume and holds over $600 million in total value locked since launching less than six months ago. Ondo's tokenized equities include Amazon, Alphabet, Apple, Circle, Meta, Microsoft, Nvidia, Tesla, and the Invesco QQQ ETF.