Global Stock News

Crypto.com Launches Tokenized US Equities and ETFs in Europe

Crypto.com Launches Tokenized US Equities and ETFs in Europe

Crypto.com now enables eligible users in the European Economic Area (EEA) and other approved jurisdictions to gain exposure to U.S. equities and exchange-traded funds through the Crypto.com App, the company said in a Wednesday (Aug. 12) press release.

The company’s new Tokenized Stocks offer exposure to 1,500 underlying stocks and funds. Tokenized Stocks are derivative financial instruments designed to track the price performance of the underlying assets; they do not confer legal or beneficial ownership of the assets or any associated shareholder rights, according to the release.

In the EEA, Tokenized Stocks are issued by Foris Capital CY Limited, which is regulated by the Cyprus Securities and Exchange Commission, while the…

Source link

Share this article

Scroll to Top