The company plans to offer the most popular US stocks as ERC-20 tokens on the Ethereum network, enabling 24/5 trading and DeFi integration.
Trading and investing platform eToro has announced plans to launch tokenized US stocks as ERC-20 tokens on the Ethereum blockchain.
The upcoming rollout will include the 100 most popular US-listed stocks and ETFs, tradable 24/5 as blockchain-based assets, the company said on Tuesday.
According to eToro, users will eventually be able to transfer tokenized stocks off the platform into self-custody or DeFi protocols. “Yes—that is 100% the objective here,” a spokesperson told Cointelegraph.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
