Bitrue, a popular cryptocurrency exchange, has announced the launch of trading for tokenized stocks through its xStocks platform, allowing investment in stocks of major tech companies.
What are Tokenized Stocks?
Tokenized stocks are traditional shares converted into blockchain-based tokens, allowing investors to hold digital representations of stocks instead of the stocks themselves. Proponents argue that this model could lower trading costs, shorten settlement times, and eventually enable round-the-clock trading.
Tokenized Stocks Available on Bitrue
The initial tokenized stocks available for trading on Bitrue include shares of NVIDIA, Circle Internet Group, Apple, Tesla, SPDR S&P 500 ETF Trust, and MicroStrategy. Adam O’Neill, Chief Marketing Officer at Bitrue, commented: "With these new tokenized stocks, we’re excited to showcase one of the core principles of Bitrue—freedom of investment. We’re working to break down barriers that often exclude smaller investors, providing them with new opportunities to expand their portfolios and generate real returns."
Future of Trading Tokenized Stocks
Recent developments indicate a growing interest in tokenized stocks across the crypto world. For example, Kraken announced it will launch its own U.S. stock tokens for users outside the U.S. Coinbase is also seeking regulatory approval to offer tokenized equities to its customers. Additionally, blockchain startup Dinari secured broker-dealer registration for its U.S. subsidiary, which may position it ahead of other crypto companies.
Trading tokenized stocks on platforms like Bitrue opens new avenues for investors, providing access to modern financial tools and opportunities for portfolio diversification.
