VALR introduces tokenized U.S. stock trading in South Africa
Main Idea
VALR, Africa's largest crypto exchange by trade volume, has launched tokenized U.S. equities trading, enabling customers to gain price exposure to major U.S.-listed companies through its platform.
Key Points
1. VALR's new service allows trading of tokenized U.S. equities, including companies like Tesla, Nvidia, Robinhood, Circle, and Coinbase.
2. The tokens, called xStocks, are 1:1-backed representations of U.S.-listed equities and ETFs, launched by Backed in May 2025.
3. Users can trade these tokens against USDT, other cryptocurrencies like Bitcoin and Ethereum, or South African rand on VALR's spot market.
4. VALR's CEO, Farzam Ehsani, described the launch as a pivotal moment for expanding access to global financial markets in South Africa.
5. The service aims to bridge traditional finance with cryptocurrency markets, reinforcing VALR's commitment to innovation.
Description
VALR, the largest crypto exchange in Africa by trade volume, has launched xStocks on its platform, becoming the first crypto exchange on the continent to offer tokenized U.S. equities trading, based on details shared with Finbold on July 31. The service allows customers to gain price exposure to leading U.S.-listed companies including Tesla, Nvidia, Robinhood, Circle, and Coinbase through tokenization. Farzam Ehsani, Co-Founder and CEO of VALR, emphasized the significance of the launch for Afric...
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