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Crypto.com launches tokenized stock derivatives tracking 1,500 US stocks
The blockchain-based contracts track the price of underlying equities and ETFs but do not grant legal ownership or shareholder voting rights, while tokenized stocks have grown to about $2.5 billion.
Crypto.com has launched tokenized stock derivatives designed to track 1,500 US stocks and exchange-traded funds, aiming to connect crypto users with traditional equity markets, according to Yahoo Finance.
The privately held exchange said eligible users in Europe and other approved markets can access tokenized exposure to companies including Nvidia and Tesla, as well as a range of ETFs.
Crypto.com described the products as blockchain-based contracts that move with the price of underlying assets without providing legal ownership or shareholder rights. That means investors do not receive voting or other shareholder protections even if the tokenized representation rises alongside the related stock price.
Yahoo Finance also reported that tokenized stocks have reached about $2.49 billion in value, up 600% over the past year, citing data from RWA.xyz. It added that Citigroup estimates tokenized securities could reach a $5.5 trillion market by 2030, including $2.6 trillion in tokenized stocks.