Binance is exploring the relisting of stock tokens

Odaily News Binance is exploring the possibility of reintroducing stock tokens on its platform, after delisting the product in 2021. Stock tokens are digital tokens representing shares of publicly listed companies. Instead of buying whole shares of Apple or Microsoft, investors can purchase fractional shares. These tokens are held and settled on the blockchain, tracking the price of the underlying asset in real-time.

A Binance spokesperson told The Information: "Exploring the possibility of offering stock tokens is a natural next step in our mission to more closely integrate traditional finance with cryptocurrency." However, legal hurdles remain. Stock tokens are among several unresolved issues in the crypto market structure bill being pushed in Congress. Industry insiders say that under the current draft of the bill, the launch of such products would be delayed. (The Information)