Which CEX listed tokenized stocks?

TLDR

Kraken and Bybit have listed tokenized stocks; Binance offered stock tokens briefly in 2021 and is now testing stock?linked derivatives per a recent update (Kraken xStocks expansion).

1. Kraken (xStocks): tokenized U.S. stocks and ETFs, available outside the U.S. (partnership update).
2. Bybit: cited among exchanges offering tokenized equities (industry coverage).
3. Binance: launched stock tokens in 2021, later halted; now testing stock perps (API update coverage).

Deep Dive

1. Kraken

Kraken is actively expanding tokenized equities through its xStocks product and recent integrations. Coverage notes a deeper partnership with Alpaca and plans following the Backed Finance acquisition, with access in select non?U.S. jurisdictions (Kraken partnership update). A separate report highlights xStocks bringing tokenized U.S. equities to TON, signaling multi?chain distribution and broader user reach (xStocks launch on TON).

2. Bybit

Bybit has been cited as one of the exchanges offering tokenized stocks alongside on?chain platforms, indicating a hybrid approach where centralized venues host tokenized equity products (industry coverage). While specifics vary by region and product structure, the inclusion underscores broader CEX participation beyond purely crypto assets.

3. Binance

Binance launched tokenized stock trading in 2021 and later halted amid regulatory scrutiny. Recent API changes suggest preparation for stock?linked perpetuals with session?based trading, reflecting a move to derivatives rather than spot tokenized shares (API update coverage).

Conclusion

Centralized exchanges moving into tokenized equities are led by Krakens xStocks, with Bybit cited as a participant and Binance shifting focus from past stock tokens to stock?linked derivatives. If your goal is practical access, jurisdiction and product format (spot tokens versus derivatives) are the key trade?offs to check before acting.