Crypto.com unveils dynamic tokenized stock derivatives in rising market
TL;DR:
- Crypto.com launched tokenized derivatives tracking 1,500 U.S. stocks and ETFs, offering positions from $1 and 24-hour trading.
- The tokenized stock market reached $2.49 billion in value, a 600% growth over the past year, according to RWA.xyz data.
- Products are issued by Foris Capital CY Limited and offer synthetic price exposure to the underlying asset, but do not grant shareholders ownership to users.
Crypto.com launched tokenized derivatives that replicate the price of 1,500 U.S. stocks and exchange-traded funds (ETFs), including Apple, Nvidia and Tesla, as well as instruments such as SPDR Gold Shares and iShares Silver Trust. The products are available to eligible users in the European Economic Area and other approved markets, allow positions to be opened from $1 and operate 24 hours a day.
The instruments are issued by Foris Capital CY Limited and function as synthetic derivatives: if Apple’s price rises, the corresponding product replicates that movement, but the holder does not become a shareholder of Apple. This means investors do not acquire legal or beneficial ownership of the underlying securities, do not obtain voting rights or other shareholder rights, although they may receive dividend-equivalent adjustments. The underlying assets backing the products are custodied at Alpaca, a broker-dealer registered in the United States.
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