Overview
- Crypto.com announced Wednesday that it is offering tokenized derivatives that track 1,500 U.S. stocks and ETFs and let eligible users open positions from US$1 with round‑the‑clock trading.
- The products are structured as synthetic derivatives issued by Foris Capital CY Limited with the supporting assets held in custody by U.S. broker‑dealer Alpaca.
- Holders receive price exposure rather than legal ownership, so they do not gain shareholder voting rights though they may get dividend‑equivalent adjustments under product terms.
- Crypto.com is offering a limited introductory zero‑commission period and is positioning the product as fast, fractional access to equities through its app.
- The launch adds to rapid market growth and follows industry moves by DTCC, NYSE and Nasdaq to build tokenization infrastructure, which raises questions about oversight, custody standards and how token models will interoperate with existing clearing systems.