eToro to Launch Tokenized Stock Trading on Ethereum
Main Idea
eToro announced its plan to tokenize 100 popular US-listed stocks and ETFs on the Ethereum blockchain, aligning with its long-term vision for a tokenized future and leveraging new regulations like MiCA and the GENIUS Act.
Key Points
1. eToro revealed its expanded product roadmap, including the tokenization of 100 US-listed stocks and ETFs on Ethereum.
2. CEO Yoni Assia highlighted the company's belief in blockchain technology and tokenization, citing regulatory advancements like MiCA and the GENIUS Act.
3. The tokenized stocks will be launched as ERC-20 tokens, with a long-term goal of integrating into the broader blockchain ecosystem.
4. Rival platform Robinhood has already launched tokenized versions of over 200 US stocks and ETFs for European customers.
5. The value of tokenized real-world assets on-chain is approximately $21.4 billion, with 55% on Ethereum, and has grown 35% since the beginning of the year.
Description
eToro revealed its expanded product roadmap in a global webinar on Tuesday, highlighting three key developments as the company moves toward a “tokenized future.” Part of that move is the expansion of its current stock trading to include an initial list of 100 of the most popular US-listed stocks and exchange-traded funds that will be tokenized and available to trade 24 hours a day, five days a week. This allows users to trade traditional equities around the clock, responding to market events in ...
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