Binance Stock Tokens and ETF Receive Approval from Abu Dhabi Regulator

BlockBeats News, March 3rd, Tokenized Stocks and ETFs on the Binance platform have been approved by the Abu Dhabi Global Market regulator, with investment targets including Amazon, Alphabet, Apple, Circle, Meta, Microsoft, Nvidia, Tesla, and a tokenized version of the Invesco QQQ ETF, targeting non-U.S. markets.

Ondo stated that this is the first time Abu Dhabi has approved tokenized securities trading under its regulatory framework, allowing financial institutions, intermediaries, and counterparties in the UAE to trade tokenized versions of stocks. Ian de Bode, President of Ondo Finance, stated: "By offering Ondo tokenized stocks for trading on the Binance platform, we are expanding the investment exposure of billions of investors."