Ondo Finance tokenized stocks platform on Binance wins regulatory approval in Abu Dhabi

The regulatory nod will let UAE-based financial institutions deal in tokenized equities on Binance's regulated trading venue. What to know : Abu Dhabi Global Market’s regulator approved Ondo Finance’s tokenized stocks and ETFs on Binance’s regulated trading venue. This is the first time the ADGM approved tokenized securities trading under the its regulatory framework, allowing institutions to deal in digital equities. Ondo, which structures its products as equity-linked notes and has processed more than $11 billion in trading volume, is part of a broader push to put traditional equities on blockchains, a market now valued at over $1 billion.