The crypto exchange Gemini has announced the launch of tokenized stocks for its clients in the European Union, starting with MicroStrategy.
Tokenized Stocks Launch
Gemini has introduced tokenized stocks of MicroStrategy (MSTR) for EU users. Clients can now freely purchase and move these assets on the blockchain using only a smartphone and an internet connection.
Gemini's Global Expansion
Gemini aims to expand its offerings of tokenized stocks and ETFs. The tokenized MSTR stocks are currently tradable on Arbitrum, with plans to launch on additional networks. The company is working with blockchain startup Dinari, allowing users to buy fractional shares as on-chain tokens backed by real securities. In its Friday announcement, the firm stated, "Combining the best assets in the world with the 24/7/365 form factor of crypto is how we reimagine and rebuild the financial system."
Solana Staking Services
Recently, Gemini launched staking services for Solana in collaboration with Purpose Investments, allowing investors to earn rewards in SOL tokens. Users can select their preferred validator or use Gemini's in-house validator. The partnership with Purpose Investments aims to strengthen its position in the Canadian market and build trust with investors.
The launch of tokenized stocks and staking services reflects Gemini's goal to broaden its market offerings and meet client needs for new financial instruments.
