Gemini, a cryptocurrency exchange, has added 14 new tokenized equities to its platform for users in the EU. This move is part of the company's strategy to expand its footprint in the growing market for tokenized securities.
Expansion of Gemini's Tokenized Stocks
On July 14, Gemini introduced new updates that launch tokenized equities available for 24/7 trading and backed by real shares held with a regulated custodian. This step follows the initial launch of tokenized equities for EU customers at the end of June.
New Brands in the Tokenized Stocks List
Among the newly tokenized stocks introduced to users are notable brands such as Nike, McDonald's, Coca-Cola, Starbucks, and Uber. These stocks are issued on the Arbitrum platform, allowing users to trade them at any time and to own fractional shares.
Prospects of the Tokenized Securities Market
The tokenized securities market is rapidly evolving, and competitors like Bybit and Kraken are also targeting European markets. With new regulatory initiatives in the EU, analysts predict this segment will grow into a multitrillion-dollar asset class by 2030.
The expansion of Gemini's tokenized equities highlights the growing interest in tokenized securities within the EU. With new regulatory measures and investor interest, the future of this market appears promising.
