eToro to Launch Tokenized US Stocks on Ethereum Blockchain
- eToro plans to introduce tokenized versions of the top 100 US-listed stocks and ETFs as ERC-20 tokens.
- The trading platform will allow users to trade these assets around the clock, five days a week.
- Users can transfer their tokenized stocks to self-custody wallets or DeFi protocols, enhancing asset control.
- Tokenization aims to democratize finance by increasing accessibility and transparency in trading.
- Currently, tokenized stocks represent $418 million of the total $21.3 billion real-world asset market.
The move by eToro aligns with a broader trend of integrating real-world assets into blockchain systems, as seen with other platforms like Robinhood and Backed Finance launching similar offerings.
With tokenized stocks currently valued at $418 million, eToro’s initiative may significantly contribute to this growing market segment. (Source)
