Cryptocurrency exchange Binance is planning to reintroduce tokenized equities to its platform, bridging traditional finance and crypto. Binance previously halted support for stock tokens in July 2021 after facing scrutiny from German and UK regulators. The move follows the launch of regulated TradFi perpetual contracts settled in stablecoin last year. US-based exchange Coinbase is also exploring tokenized stocks.

The US Senate Agriculture and Banking Committees are working on legislation to establish digital asset market structure. The agriculture committee is set to hold a markup on its version of the bill, while the banking committee’s markup has been postponed after Coinbase withdrew support. Coinbase CEO Brian Armstrong criticized the bill, claiming it could lead to a ban on tokenized equities. Other groups have raised concerns about stablecoin rewards and decentralized finance provisions in the bill.

Read more at Cointelegraph: Binance Hints at Offering Tokenized Equities after Five Years