eToro to tokenize 100 most popular US stocks on Ethereum

Key Points

1. eToro will offer tokenized versions of the 100 most popular US-listed stocks and ETFs, tradable 24/5 on the Ethereum blockchain.

2. Users will be able to transfer tokenized stocks off the platform into self-custody or DeFi protocols.

3. eToro's CEO, Yoni Assia, stated that tokenization provides transparency and control, removing boundaries for users.

4. The company has prior experience in tokenization, having launched tokenized gold and silver in 2019.

5. Other platforms like Robinhood and Backed Finance are also advancing in tokenizing stocks, with Robinhood launching a layer-2 blockchain for this purpose.

6. Tokenized stocks currently account for $418 million in total value, with the broader RWA market exceeding $21.3 billion.

7. Industry experts believe tokenized stocks have significant growth potential, with some predicting a trillion-dollar market.