The financial service provider eToro plans to tokenize US stocks. Ethereum According to an announcement made on Tuesday, blockchain is the future. Trading giant held a global webcast “eToro Unlocked: Trade Without Boundaries,” Discuss how the company will evolve its product offerings as they move towards a tokenized world. This is a great decision for eToro and for Ethereum users, who now have a place on the blockchain.
eToro is expanding their current trading platform to offer 100 popular US listed stocks and ETFs on the Ethereum Blockchain. As the underlying asset, tokenized assets are available for 24/5 trading. “We want to offer our global user base the flexibility to trade on their time frame. 24/5 trading, whether through US equities or spot-quoted futures, empowers users to trade in real-time in response to market events or simply when it’s convenient to them. We will continue to expand this offering to put our users in control of when they trade,” said eToro CEO Yoni Assia.
“Our mission has always been to open the global markets,” Assia is now added. “Extended hours trading was the first step, 24/5 takes it a step further; however, tokenization brings 24/7 accessibility. Tokenization removes boundaries, providing transparency and control. It has the potential to democratize finance, making assets more accessible to more people.”
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Tokenized stocks are a new feature. expected to be available Sometime in August The Ethereum developers have not yet commented on this new development. The developers will likely discuss the partnership at a Wednesday 30th Q/A. Ethereum’s native currency, Ether (ETH), has fallen 1.3% over the past 24 hours due to the eToro updates.
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Source: watcher.guru
