Crypto.com unveils tokenized stock trading for 1,500 assets

Crypto.com launches tokenized stock derivatives, offering 24/7 synthetic exposure to 1,500 U.S. stocks and ETFs from $1, without ownership or voting rights.

Crypto.com has introduced tokenized stock derivatives, enabling users to gain synthetic exposure to the price movements of 1,500 U.S. stocks and ETFs, including Apple, Tesla, Nvidia, SPDR Gold Shares, and iShares Silver Trust. These derivatives are available to eligible users in the European Economic Area and other approved markets, with trading starting at just $1 and accessible 24/7. The tokenized stocks are issued by Foris Capital entities and are fully backed 1:1 by the underlying assets, with custody provided by Alpaca. However, investors do not receive direct ownership, voting rights, or shareholder communications, as these products provide economic exposure rather than actual shares. This launch comes amid growing interest in tokenized stocks and ongoing debate about their legal nature. Crypto.com is offering zero-commission trading for a limited time, and the fractional investment structure lowers barriers for retail investors. It's important for users to understand the legal distinctions and rights associated with these tokens compared to traditional shares.