Gemini has announced the launch of a tokenized version of MicroStrategy (MSTR) stock for users in the EU, enabling them to invest in the Bitcoin-buying firm.
Launch of Tokenized MicroStrategy Stock
Gemini reported the launch of a tokenized version of MicroStrategy (MSTR) stock available for EU users. Currently, MSTR is the only tokenized stock available, but the company has plans to introduce more tokenized stocks and ETFs in the coming days.
Benefits of Tokenized Stocks
Gemini noted that traditional financial systems often face significant restrictions, such as limited trading hours and high fees for international investors. "Tokenized stocks solve this problem by providing investors with greater access and fewer restrictions," the company added. On the Gemini platform, users can swap stock tokens without needing to sell their assets on another platform.
Growing Interest in Tokenized Equities in Europe
There is a growing interest in tokenized equities from crypto platforms in Europe. For instance, the fintech brokerage Robinhood is developing a blockchain network to enable European retail investors to trade U.S. securities. Other platforms like Kraken and Coinbase are also looking to implement the ability to trade tokenized stocks on their platforms.
The launch of tokenized MicroStrategy stock marks a significant step for Gemini and reflects the growing interest in tokenized investments in Europe.
