eToro Plans Potential Launch of Tokenized US Stocks as ERC-20 Tokens on Ethereum Network
Main Idea
eToro is launching tokenized US stocks as ERC-20 tokens on Ethereum, enabling 24/5 trading and DeFi integration, aiming to democratize finance and enhance accessibility.
Key Points
1. eToro plans to tokenize the 100 most popular US-listed stocks and ETFs as ERC-20 tokens on Ethereum, allowing 24/5 trading and self-custody options.
2. Tokenization removes traditional barriers to stock ownership, providing transparency and control, according to CEO Yoni Assia.
3. The initiative is part of a broader trend in real-world asset (RWA) tokenization, with the RWA market valued at $21.3 billion, though tokenized stocks currently represent only $418 million.
4. Tokenized stocks on Ethereum offer decentralized ownership, increased liquidity, and flexibility, aligning with eToro's vision of democratizing finance.
5. Users can transfer tokenized stocks to self-custody wallets or DeFi protocols, enabling full ownership and control beyond the eToro platform.
Description
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