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2mo ago

eToro to Launch 100 U.S. Equity Tokens on Ethereum with 24/5 Trading

European investors can join a wait-list to access 24/5 trading of ERC-20 tokens redeemable for underlying shares

Yoni Assia, cofounder and CEO of eToro, during his company's May IPO.
eToro to launch tokenized U.S. stocks on Ethereum
Etoro plans to tokenize u.s. stocks on ethereum in blockchain push
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Overview

  • eToro is partnering with CME Group to enable spot-based pricing and develop futures contracts for its tokenized stocks
  • The platform’s launch leverages Europe’s MiCA regulations and the U.S. GENIUS Act to offer regulated, legally backed equity tokens
  • Each ERC-20 token will represent one share or ETF unit and be compatible with DeFi protocols for use as collateral or liquidity
  • To support high transaction volumes, eToro is evaluating a dedicated sidechain or layer-2 solution alongside the Ethereum mainnet
  • The move builds on eToro’s tokenization experience since acquiring Firmo in 2019 and issuing tokenized gold and silver