Crypto.com Launches Tokenized Stocks for 1,500 US Equities
Summary
- Crypto.com launched tokenized derivatives tracking roughly 1,500 US stocks and ETFs for users outside America.
- The product relies on a MiFID license secured through the acquisition of Foris Capital and custody with Alpaca.
- Kraken, Binance, Robinhood, OKX and Hyperliquid already run competing tokenized equity products with different structures.
- Regulators shut down a similar Binance and FTX attempt in 2021 within three months of launch.
Crypto.com opened access on Wednesday to a new product line called Tokenized Stocks, a set of derivatives that mirror the price of about 1,500 US-listed equities and exchange-traded funds. The rollout targets users in the European Economic Area and other approved jurisdictions outside the United States, letting them buy fractional exposure to names like Apple, Nvidia and Tesla, as well as commodity funds such as SPDR Gold Shares, starting from $1. The exchange built the offering on a Markets in Financial Instruments Directive license it picked up through its acquisition of Foris Capital, and it settles trades instantly on-chain rather than through the traditional two-day clearing window.
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