eToro Expands Trading Hours and Introduces Tokenized US Stocks

eToro plans to launch tokenized US stocks as ERC-20 tokens on the Ethereum blockchain, enabling users to trade 24/5 and transfer assets to self-custody wallets.

ETH

Summary

eToro has announced plans to launch tokenized US stocks as ERC-20 tokens on the Ethereum blockchain, including the 100 most popular US-listed stocks and ETFs. Users will be able to trade these assets 24/5 and transfer them to self-custody wallets. The initiative aims to enhance accessibility and reflects a growing trend in the tokenization of real-world assets, with potential for significant market growth.

Terms & Concepts
  • ERC20 tokens: A standard for creating fungible tokens on the Ethereum blockchain, allowing for interoperability between different projects.
  • DeFi: Decentralized Finance, a blockchain-based form of finance that does not rely on traditional financial intermediaries.
  • tokenization: The process of converting rights to an asset into a digital token on a blockchain.