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Binance is making a play that blurs the line between your crypto portfolio and your stock portfolio. The exchange has rolled out US stock trading products for its international user base, offering tokenized equities and perpetual futures contracts tied to some of the biggest names on Wall Street.
What Binance is actually offering
The initiative has two distinct pillars. The first came together in February 2026 through a partnership with Ondo Finance, which brought 10 tokenized US stocks and ETFs to Binance’s platform. The roster includes names that need no introduction: Apple (AAPLon), Google (GOOGLon), Tesla (TSLAon), Nvidia (NVDAon), and the Invesco Nasdaq-100 ETF (QQQon).
These tokenized assets live on the Binance Alpha platform and Binance Wallet. Users can trade them using USDT, BNB, and other crypto assets. No US brokerage account required.
The second pillar dropped on June 1, 2026, when Binance introduced USDS-margined perpetual contracts tracking individual stocks. This batch includes pharmaceutical heavyweights like Eli Lilly (LLY) and Novo Nordisk (NVO).
These perpetual contracts trade 24/7, offer up to 20x leverage, and settle funding every eight hours.
The 2021 ghost and why this time is different
Binance first dabbled in tokenized stocks back in 2021, offering fractional shares of Tesla and other companies as blockchain-based tokens. Regulators in Germany, the UK, and elsewhere were not thrilled. The products were quietly shelved.
The difference in 2026 is structural. By partnering with Ondo Finance, a firm specifically built around tokenizing real-world assets, Binance is outsourcing the asset issuance to a specialized provider rather than trying to do everything in-house. Ondo brings the tokenization framework. Binance brings the liquidity and distribution.
This approach also keeps a clear wall between Binance’s international platform and US users. US persons remain blocked from the primary Binance platform, a restriction that has been in place since the exchange created its separate Binance.US entity. The stock trading products are explicitly designed for the global, non-US audience.
What this means for investors
The 20x leverage on perpetual contracts is a double-edged sword worth flagging. Leverage amplifies gains and losses alike. In traditional equity markets, retail investors typically get 2x margin at most. The 24/7 availability compounds this risk, since there’s no closing bell forcing a pause.
The regulatory dimension is the wildcard investors should watch most closely. Tokenized stocks exist in a gray zone in many jurisdictions. A crackdown in any major market could force Binance to restrict access again, just as it did in 2021. The partnership with Ondo Finance provides more legitimacy than the first attempt, but legitimacy and regulatory approval are not the same thing.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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