Social trading network Etoro (NASDAQ: ETOR) has announced its evolution toward a tokenized future during a webinar where Co-founder and CEO Yoni Assia emphasized the company’s long-standing belief in tokenization as a means to facilitate the transfer of wealth through blockchain technology.
Etoro Unveils 24/5 Trading and Launches US-Listed Equities as ERC20 Tokens
WRITTEN BY
SHARE
Etoro plans to expand its trading offerings to include 100 popular US-listed stocks and ETFs available for 24/5 trading, enhancing user flexibility. Additionally, the platform will introduce spot-quoted futures in collaboration with CME Group, allowing for accessible-sized contracts with familiar pricing. Assia highlighted the potential of tokenization to democratize finance by providing 24/7 accessibility to assets, starting with the launch of US-listed equities as ERC20 tokens on the Ethereum blockchain. This initiative aims to integrate tokenized assets into the broader decentralized finance ( DeFi) ecosystem, enabling users to redeem tokenized stocks for their underlying positions on Etoro.
