fractional

According to Coindesk, Binance is considering restarting stock token trading. Stock tokens are digital representations of stocks, allowing investors to purchase fractional shares without needing to hold entire shares of Apple or Microsoft (these shares are held and settled on the blockchain) and reflect the price of the underlying asset in real-time.Previously, Binance shut down similar products due to regulatory pressure. Additionally, OKX, Coinbase, and traditional exchanges like the New York Stock Exchange and Nasdaq are also exploring stock token issuance, indicating a resurgence of interest in stock tokenization across the financial industry. However, there are still many legal and regulatory hurdles, as pending cryptocurrency market structure legislation in the U.S. and existing securities regulations may slow down or restrict the launch of stock token products.

At the 2026 World Economic Forum in Davos, Zhao Changpeng stated that technology itself does not bring risks, but rather accelerates the exposure of existing problems, pointing out that the root of the banking liquidity crisis lies in the "fractional reserve system." He cited Binance as an example, stating that the platform once handled withdrawals of up to $7 billion in a single day, with no overall pressure.Zhao Changpeng predicted that with the maturity of blockchain and KYC technology, the number of physical bank branches will significantly decrease in the next decade. At the same time, he expressed reservations about direct payments in Bitcoin and Meme coins, believing that Meme coins are highly speculative, and the vast majority will struggle to last, with only a few like Dogecoin potentially enduring due to their cultural value.