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Crypto.com rolls out tokenized stock derivatives as crypto exchanges push into equities

Crypto.com rolls out tokenized stock derivatives as crypto exchanges push into equities

Crypto.com is world’s 11th largest exchange, according to data source Coingecko.

Stock tokenization push

The launch lands in a fast-growing corner at the intersection of the crypto market and traditional assets. Tokenized stocks have reached about $2.49 billion in value, up roughly 600% over the past year, as exchanges and blockchain firms race to bring equities onchain. Citi estimated that tokenized securities could grow into a $5.5 trillion market by 2030, including $2.6 trillion in tokenized equities.

Kraken, Bybit, Bitget and Robinhood are among the trading platforms that have rolled out tokenized equity products for investors outside the U.S. Meanwhile, the Depository Trust & Clearing Corporation (DTCC), the backbone of the U.S….

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