Cryptocurrency exchange Gemini, founded by Cameron and Tyler Winklevoss, has announced the launch of tokenized US stock trading in the European Union, starting with MicroStrategy on the Arbitrum platform.
Initiation of Tokenized Stock Trading
Gemini has begun trading tokenized US stocks in Europe, marking a move towards global accessibility of securities on the blockchain. This may increase market liquidity and provide borderless financial opportunities.
Partnership and Innovation
Gemini has partnered with Dinari to offer tokenized US stocks. These stocks can be traded 24/7, differentiating them from traditional brokerage timelines.
quote: "Anyone in the world with a smartphone and an internet connection can gain access to tokenized U.S. equities like MSTR on the blockchain. Our goal is to export U.S. equities across the globe... A true win-win." — Cameron Winklevoss, Co-Founder, Gemini.
Impact on Financial Markets
Immediate effects include enhanced blockchain infrastructure utility through Arbitrum, potentially affecting cryptocurrencies like ETH and ARB. Previously raised regulatory challenges may now be mitigated by Gemini's compliance-focused approach.
The launch of tokenized stocks in Europe represents a significant development for Gemini and the market overall, opening new investment opportunities and increasing liquidity of financial assets.
