Overview
- Crypto.com launched Tokenized Stocks on Wednesday, offering derivative contracts that track 1,500 U.S. stocks and ETFs with fractional positions available from US$1 and round‑the‑clock trading.
- The products are issued by Foris Capital CY Limited as synthetic derivatives that do not give holders legal ownership or shareholder voting rights, though eligible users may receive dividend‑equivalent adjustments under the product terms.
- Crypto.com says the underlying assets that support the derivatives are held in custody with U.S. broker‑dealer Alpaca, which creates counterparty and custody exposure that users should consider.
- The rollout builds on Crypto.com’s May 2025 acquisition of Foris Capital, which provided a MiFID license to offer regulated products in Europe, and includes a limited zero‑commission introductory offer subject to fees or FX spreads.
- The move arrives as the tokenized‑stock market has surged to roughly $2.49 billion, up about 600% year‑over‑year, and it coincides with DTCC, Nasdaq and NYSE work on tokenization that could determine how tokenized securities are cleared and whether they can carry legal rights.