Ondo Finance's tokenized stock on Binance win Abu Dhabi regulatory approval

The Abu Dhabi Global Market (ADGM) has granted regulatory approval for trading Ondo Finance’s tokenized stocks and ETFs on Binance’s Financial Services Regulatory Authority (FSRA)-regulated Multilateral Trading Facility. This landmark approval allows UAE-based financial institutions to deal in tokenized versions of equities like Amazon, Apple, Microsoft, and the Invesco QQQ ETF, marking the first time ADGM has cleared tokenized securities trading under its framework. Ondo Finance, which structures its products as equity-linked notes, stated this expansion will increase access for hundreds of millions of investors. This move provides Binance with a regulated venue for tokenized equities, nearly five years after discontinuing a similar service due to regulatory scrutiny elsewhere.

(Source：CoinDesk)