{"id":46207,"date":"2021-07-16T13:01:49","date_gmt":"2021-07-16T10:01:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46207"},"modified":"2025-09-01T15:10:40","modified_gmt":"2025-09-01T12:10:40","slug":"binance-to-end-support-for-tokenised-stocks","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-to-end-support-for-tokenised-stocks\/","title":{"rendered":"Binance to end support for tokenised stocks"},"content":{"rendered":"

As of October 14, 2021, Binance will stop supporting tokenised stocks. This is stated in announcement<\/a> on the site.<\/p>\n

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\u201cAs the cryptocurrency ecosystem evolves and Binance grows with the community, we continually assess our own products and work with partners to meet users\u2019 needs,\u201d the company said.<\/p>\n<\/blockquote>\n

The exchange took this step to shift its commercial focus to other products, Binance representatives said.<\/p>\n

Users have 90 days to close positions. On October 15, these will be closed automatically.<\/p>\n

Customers in the European Economic Area and Switzerland can transfer their assets to the investment firm CM-Equity AG. Binance said it would launch it \u201croughly two to four weeks before October 15, 2021.\u201d<\/p>\n

In a comment to The Block<\/a>, CM-Equity AG founder and CEO Michael Kott said that Binance had made a business decision.<\/p>\n

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\u201cI can guarantee that no one forced them. They decided to do this to focus on other cryptocurrency-related products,\u201d noted Kott.<\/p>\n<\/blockquote>\n<\/div>\n

In April Binance announced the listing<\/a> of tokenised stocks, adding Tesla. Later on the platform the trading of Coinbase Stock Token<\/a> began.<\/p>\n

In the same month the bitcoin exchange announced the listing<\/a> of tokens backed by a portfolio of real shares of MicroStrategy, Apple and Microsoft.<\/p>\n

Some European regulators took an interest in Binance’s new service. The Financial Times reported that regulators in the UK and Germany <\/a>were examining its compliance with local law.<\/p>\n

At the end of April BaFin<\/span> warned investors of possible violations by Binance<\/a> of securities laws when launching trading of tokenised stocks.<\/p>\n

In June, the FCA barred Binance Markets Limited<\/a> from any regulated activity in the country without prior written approval.<\/p>\n

After that, banks Barclays<\/a> and Santander<\/a> restricted transfers from UK clients to the Bitcoin exchange, and the payments system Clear Junction<\/a> refused to process related payments.<\/p>\n

The Cayman Islands<\/a> began a probe into Binance’s operations, Thailand<\/a> accused the company of operating without a license, Japan<\/a> issued another warning.<\/p>\n

Polish regulators <\/a>warned consumers about the risks of interacting with the platform, and Italy and Malta<\/a> \u2014 about Binance’s unregulated activities.<\/p>\n

Earlier the exchange ceased serving residents of Ontario, the Canadian province<\/a> and suspended euro deposits via SEPA<\/span><\/a>.<\/p>\n

Against regulatory pressure, CEO Changpeng Zhao published an open letter in which he outlined Binance’s plans to ensure compliance and protect customers.<\/p>\n

According to the Financial Times, payment networks Visa and Mastercard decided not to sever ties with the platform.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

As of October 14, 2021, Binance will stop supporting tokenised stocks, according to a post on the site.<\/p>\n","protected":false},"author":1,"featured_media":46208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,744,1211],"class_list":["post-46207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-binance","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46207"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46207\/revisions"}],"predecessor-version":[{"id":46209,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46207\/revisions\/46209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46208"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}