eToro Plans Tokenized Stock Trading on Ethereum Amid Wealth Transfer Trends
Main Idea
eToro is launching tokenized stock trading on the Ethereum blockchain, enabling 24/7 trading of U.S. stocks and ETFs, which is expected to facilitate a wealth transfer to younger generations through blockchain technology.
Key Points
1. eToro introduces 24/7 trading of tokenized U.S. stocks and ETFs using Ethereum-based ERC-20 tokens, breaking traditional market hour constraints.
2. Tokenization allows fractional ownership and seamless trading, initially covering 100 popular U.S.-listed equities.
3. eToro CEO Yoni Assia highlights blockchain's role in shifting wealth to younger retail investors by lowering entry barriers.
4. Industry leaders like BlackRock are embracing tokenization, with VanEck projecting tokenized real-world assets to exceed $50 billion by 2025.
5. eToro has a history of early crypto adoption, acquiring BTC at low prices and expanding tokenized assets through the acquisition of Danish startup Firmo in 2019.
Description
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