Tokenized Stock Market Gains Boost as Kraken and Binance Launches New Products

The tokenized stock market is beginning to heat up as investors gain more access through traditional means. Top crypto exchanges Kraken and Binance have launched new offerings as momentum grows in tokenization.

Binance Brings Back Tokenized Stocks Through Ondo Finance

In a new development, the exchange said it would resume offering tokenized equities, nearly five years after shelving a similar product amid regulatory pressure.

The exchange has partnered with tokenization specialist Ondo Finance to list 10 tokenized U.S. stocks, ETFs, and commodity-linked products on its Binance Alpha platform.

This comes just after. Earlier this month, Binance announced that it is planning to enter into a partnership that will allow for the launch of an institutional collateral program. This will allow for the use of tokenized shares from a money market fund issued using Franklin Templeton’s Benji Technology Platform.

Notably, Binance initially introduced tokenized stocks trading on its exchange in 2021. However, this was eventually halted at a time when regulatory clarity was not well defined.

“”Our users now have even more convenient ways to explore and trade tokenized securities, in line with our mission to offer innovative and accessible trading opportunities,” Binance’s Vice President of Product, Jeff Li said.

Tokenized stocks have become popular in both the crypto and traditional financial spaces, with the overall market capitalization of the sector nearing $1 billion. This is led by Ondo’s AUM of over $550 million and trading volume of $11 billion since September 2025.

Kraken Lists First Tokenized Equity Perps Futures

While Binance made its move, Kraken also expanded its offerings. The exchange launched what it refers to as the world’s first regulated tokenized equities perpetual futures under the xStocks framework. These products are available for eligible non-U.S. clients in over 110 countries and are listed on Kraken’s derivatives markets.

This follows its acquisition of Backed Finance, the tokenized stock asset issuer that built its xStocks product. Unlike traditional futures contracts, perps do not expire and are available 24/7, allowing traders to trade with high leverage

“This is what it looks like when traditional markets are rebuilt for a crypto-native, always-on world, not a moment too soon given the volatility that all markets are exhibiting,” Mark Greenberg, Kraken’s Global Head of Consumer, said.

A majority of these changes have been attributed to capital rotation from DeFi to tokenized assets. Last week. Aave surpassed $1 billion in deposited tokenized assets on its platform just a few weeks after the product launch.

Kraken also added that it intends to further expand the product with additional tokenized stocks and ETFs in the coming months.