TLDR
- The Financial Services Regulatory Authority of ADGM approved Ondo Finance tokenized stocks for trading on Binance’s regulated platform.
- Binance will offer tokenized versions of major U.S. equities and the Invesco QQQ ETF to non-U.S. users.
- Ondo structures its tokenized stocks as equity-linked notes backed by underlying shares.
- The approval marks the first time ADGM has authorized tokenized securities trading under its framework.
- Ondo reported over 11 billion dollars in cumulative trading volume and more than 600 million dollars in total value locked.
Binance secured regulatory clearance in Abu Dhabi to list Ondo Finance tokenized stocks on its regulated platform. The Financial Services Regulatory Authority of Abu Dhabi Global Market approved trading on Binance’s Multilateral Trading Facility. As a result, non-U.S. users can access tokenized equities and ETFs under the ADGM framework.
Ondo Finance Receives ADGM Clearance for Tokenized Equities
The Financial Services Regulatory Authority cleared Ondo Global Markets’ tokenized stocks and ETFs for trading on Binance’s regulated venue. The approval allows UAE-based financial institutions and intermediaries to transact in tokenized equities under ADGM rules. Ondo confirmed this marks the first authorization for tokenized securities trading within ADGM’s framework.
Binance will list tokenized versions of Amazon, Alphabet, Apple, Circle, Meta, Microsoft, Nvidia, Tesla, and the Invesco QQQ ETF. The products remain available exclusively to non-U.S. users under the approved structure. Ondo structures these instruments as equity-linked notes tied to underlying shares.
Ian de Bode, president of Ondo Finance, said the listing broadens market reach. He stated, “Through offering Ondo tokenized stocks for trading on Binance, we are expanding access to hundreds of millions of investors.” The company shared the statement in a press release distributed to media outlets.
Ondo reported over $11 billion in cumulative trading volume since launch. The firm also recorded more than $600 million in total value locked within six months. These figures reflect activity across its tokenized equities offerings.
Binance Expands Regulated Trading Venue for Tokenized Stocks
The approval provides Binance with a regulated channel to trade tokenized equities in Abu Dhabi. Binance previously shut down a similar service after scrutiny from the U.K. and German regulators. The new clearance follows Binance’s earlier listing of Ondo tokenized equities on its Alpha platform.
The Alpha platform focuses on early-stage and higher-risk projects within the exchange ecosystem. However, the ADGM-regulated Multilateral Trading Facility operates under the Financial Services Regulatory Authority. This structure places the tokenized equities within an approved regulatory environment.
Tokenized stocks have gained traction across crypto exchanges and traditional platforms. Kraken, Robinhood, Nasdaq, and the New York Stock Exchange have shown interest in blockchain-based equity trading. Data from RWA.xyz shows the tokenized stock market has surpassed $1 billion in total value.
Ondo secured approval last year for its base securities prospectus in the European Union. That approval allows public distribution of its products across EU member states. The company continues to expand its regulated offerings across multiple jurisdictions.
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