Binance Wins ADGM Green Light to Trade Ondo Tokenized Stocks, Including Amazon & Tesla
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Binance Wins ADGM Green Light to Trade Ondo Tokenized Stocks, Including Amazon & Tesla



Binance has won a significant regulatory green light for tokenized stocks after the Abu Dhabi Global Market (ADGM) approved trading of Ondo Finance’s tokenized equities on the exchange’s regulated platform.

What happened
– The Financial Services Regulatory Authority (FSRA) of ADGM cleared Ondo Global Markets’ tokenized stocks and ETFs to trade on Binance’s FSRA-regulated Multilateral Trading Facility (MTF), a press release shared with CoinDesk confirmed.
– The initial listings include tokenized versions of major U.S. names and an ETF: Amazon, Alphabet, Apple, Circle, Meta, Microsoft, Nvidia, Tesla and the Invesco QQQ ETF.
– These products are available to non-U.S. users.

Why it matters
– This is the first time the ADGM has approved trading of tokenized securities under its regulatory framework, enabling UAE-based financial institutions, intermediaries and counterparties to deal in tokenized equities on a regulated venue.
– For Binance, the approval restores a regulated channel for tokenized equities nearly five years after the exchange shuttered a similar product amid regulatory scrutiny in the U.K. and Germany.
– Binance had already listed Ondo’s tokenized equities on its Alpha platform — a space for newer, higher-risk offerings — and now gains a fully regulated venue in ADGM.

Industry context
– Tokenized stocks have become a hot area across crypto and traditional finance. Exchanges such as Kraken, brokerages like Robinhood and market operators including Nasdaq and the NYSE have explored—or launched—tokenized equity products.
– The market’s total value has topped $1 billion, according to RWA.xyz data, and proponents say tokenizing equities can broaden investor access and increase interoperability with decentralized finance (DeFi), allowing assets to move more fluidly between trading and lending platforms.

How Ondo’s product works
– Ondo structures its offerings as equity-linked notes that track the underlying shares, rather than as direct on-chain fractional ownership of company stock.
– Ondo says it has processed more than $11 billion in cumulative trading volume and holds over $600 million in total value locked (TVL) since launching its tokenized stock offerings less than six months ago.

Regulatory traction beyond ADGM
– Last year Ondo secured approval for its base securities prospectus in the European Union, enabling public distribution across the EU — another sign the firm is pursuing regulated pathways for tokenized securities.

Ondo’s president Ian de Bode framed the ADGM approval as an expansion of market access: “Through offering Ondo tokenized stocks for trading on Binance, we are expanding access to hundreds of millions of investors.”

The ADGM clearance marks a notable regulatory milestone for tokenized equities and gives Binance a formal, regulated avenue to trade these products — an important step as exchanges and incumbents push to bridge traditional markets and crypto rails.

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