Binance explores reintroducing stock token services

According to The Information, Binance is exploring the reintroduction of stock tokens, after the service was discontinued in 2021. Stock tokens are digital tokens of publicly listed company stocks, allowing investors to purchase a portion of the stocks. The tokens are held and settled on the blockchain, and the underlying asset prices are tracked in real-time. A Binance spokesperson stated that this move is a natural step towards combining traditional finance with cryptocurrency, but legal barriers still exist. Industry insiders point out that the current encryption market structure bill may delay the launch of such products.