Binance is preparing to revive stock trading on its platform, revisiting a business line it shut down in 2021 after regulatory scrutiny, according to a report by The Information.

Binance launched tokenized equities in April 2021, starting with Tesla and later adding stocks including Coinbase, Strategy, Microsoft, and Apple. The service was discontinued by July after regulators in the UK and Germany questioned whether the products complied with securities laws.

The renewed push comes as interest in tokenized equities accelerates across crypto and traditional finance. OKX is also exploring stock-linked products, its global managing partner Haider Rafique told The Information.

In the US, the push to bring securities on-chain is emerging as an increasingly attractive business as both the New York Stock Exchange and Nasdaq seek regulatory approval to launch tokenized stock offerings.

Onchain platforms are already moving to fill that demand. Ondo Finance currently operates a global markets platform offering more than 250 tokenized stocks and ETFs. Another provider, xStocks, also offers onchain exposure to major equities across decentralized and centralized trading venues, underscoring growing investor interest in tokenized stocks.