Crypto exchange Gemini has launched a tokenized version of MicroStrategy stock for users in the European Union, providing international investors access to traditional financial assets via blockchain.
A Modern Approach to Stock Trading
In a statement released on Friday, Gemini emphasized the outdated nature of traditional financial systems. The company noted that tokenized stocks offer greater accessibility by removing barriers tied to market time zones, fees, and geographical restrictions. "Tokenized stocks solve this problem by giving investors greater access with fewer restrictions," the company added.
Seamless Onchain Trading Experience
With this feature, users can hold both cryptocurrencies and tokenized stocks within the same platform, eliminating the need to switch between brokers. Gemini partnered with US securities provider Dinari to enable this functionality. "By leveraging Dinari’s tokenization-on-demand model, we can offer customers greater liquidity, transparency, and the same economic rights as the backing security, where permitted," the company stated.
Growing Interest in Tokenized Equities in Europe
Currently, only MicroStrategy stocks are available as a tokenized stock. However, Gemini has announced plans to list more tokenized stocks and exchange-traded funds (ETFs) in the coming days. The launch aligns with a rising trend among crypto companies offering tokenized financial instruments to European investors. Earlier in May, Robinhood reported on building a blockchain network for trading tokenized US securities. A few weeks later, Kraken stated it would introduce tokenized US stocks for non-US customers.
The launch of the tokenized version of MicroStrategy stock underscores the growing interest in tokenized assets in Europe and highlights the potential for modernizing traditional financial systems through blockchain technology.
