Binance is exploring the re launch of stock tokens According to BlockBeats, on January 24th, The Information reported that Binance is exploring the reintroduction of stock tokens on its platform, which was previously discontinued in 2021. Stock tokens are digital tokens of publicly listed company stocks. Investors do not need to purchase the entire stock of Apple or Microsoft, but can purchase a portion of the stock, which is held and settled on the blockchain and tracks the price of the underlying asset in real-time. Binance launched its stock token service in April 2021, initially listing Tesla stocks and expanding to Coinbase, Strategy, Microsoft, and Apple stocks. This move has attracted the attention of regulatory authorities, with both the Financial Conduct Authority (FCA) in the UK and the Federal Financial Supervisory Authority (BaFin) in Germany questioning whether these tokens violate securities laws. In July 2021, Binance shut down the service. Haider Rafique, Global Managing Partner of OKX, told The Information that OKX is also focusing on this field. In the United States, traditional financial institutions are also attempting to enter, with both the New York Stock Exchange (NYSE) and Nasdaq seeking regulatory approval to launch stock token products. A Binance spokesperson told The Information, "Exploring the possibility of offering stock tokens is the natural next step in our mission to integrate traditional finance more closely with cryptocurrencies." However, legal barriers still exist. Stock tokens are one of several unresolved issues in the ongoing crypto market structure bill in Congress. Industry insiders say that according to current legal provisions, the launch of such products will be delayed. Coinbase CEO Brian Armstrong publicly opposes the bill and calls for revisions to allow the SEC to exempt certain stock token issuances from standard securities rules.