Gemini Expands Offerings with 14 New Tokenized US Stocks for EU Investors

Gemini's latest additions include prominent companies like Broadcom and Nike, enhancing its portfolio to 37 tokenized assets while also launching Solana staking services for institutional clients.

SOL

Summary

Gemini has added 14 new tokenized U.S. stocks for EU investors, including Broadcom, Nike, and Starbucks, raising the total to 37 assets. These tokenized stocks are issued via the Arbitrum chain and managed by Gemini Intergalactic EU Artemis, allowing for 24/7 trading but without voting rights. Concurrently, Gemini Custody has introduced a Solana staking service for ETFs and institutional clients, with Canada's Purpose Investments utilizing the service for its SOLL ETF, alongside DeFi Development Corp managing its SOL holdings through the service.

Terms & Concepts
  • Tokenized Stocks: Digital representations of shares in a company, allowing for trading on blockchain platforms.
  • Solana Staking: The process of participating in the Solana network by locking up tokens to support network operations and earn rewards.
  • Gemini Custody: A secure storage solution for digital assets, catering to institutional investors and clients.