Lighter and Binance Wallet roll out stock trading, widening access for global investors.
Crypto markets saw a fresh push toward traditional assets this week as new platforms rolled out on-chain stock trading, according to a new CoinMarketCap report.
On-Chain Stocks Gain Momentum
Activity around on-chain stocks, both spot and perpetual, continued to accelerate, underscoring a growing effort to bridge traditional financial markets with digital assets.
A perpetual DEX, Lighter, rolled out stock perpetuals, starting with COIN and HOOD at 10x leverage, followed by TSLA, NVDA, and PLTR later in the week.
Lighter, a decentralized perpetual-futures exchange built as an Ethereum Layer-2 using zero-knowledge proofs, went public in October 2025 and has already surpassed $1 billion in total value locked (TVL).
The platform offers self-custodial trading with fast execution and low fees, quickly becoming a credible alternative to centralized derivatives exchanges. Analysts say Lighter’s growth signals a shift from early DeFi experiments to scalable, production-grade infrastructure for perpetual markets.
Binance Wallet Expands On-Chain Stock Access
Meanwhile, Binance Wallet added support for on-chain stocks via Ondo Finance’s real-world asset (RWA) infrastructure, offering fees as low as zero.
Over 100 U.S. stocks and ETFs are now tradable directly within the wallet, expanding access to U.S. equities beyond traditional geographic and brokerage limits.
This integration allows anyone with a compatible crypto wallet to gain stock exposure, representing a significant step toward democratizing financial markets.
The Tokenized Equity Market
The broader tokenized equities and RWA market has expanded rapidly in 2025. According to RWA.xyz, the tokenized securities market has more than doubled since August, now approaching $660 million in total value locked (TVL).
Earlier this year, digital brokerages and crypto exchanges, including Robinhood, Kraken, Bybit, and Gemini, began offering on-chain equity trading, contributing to the sector’s growth.
Rising Concerns Among Traders
Despite the momentum, some traders have raised concerns over high funding rates on stock perpetual platforms. Annualized costs near 10% are substantially higher than what traditional finance investors typically tolerate, prompting caution among market participants.
Why This Matters
Perpetual contracts and tokenized equities are bringing traditional stocks on-chain, each in its own way, narrowing the gap between traditional finance and crypto and broadening global access.
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