Gemini's Tokenized Stocks: MSTR now on Arbitrum
Gemini, a crypto exchange, has entered the tokenized stock market by introducing onchain equities for EU traders. Initially offering tokenized shares of the company formerly known as MicroStrategy (MSTR), Gemini plans to add more stocks and ETFs soon. These onchain assets will trade on Arbitrum, an Ethereum Layer 2 network, with future expansions planned. By collaborating with Dinari's tokenization service, Gemini allows users to own fractions of stocks and trade seamlessly. Tokenized stocks will be matched 1:1 with U.S. equities, providing similar economic rights where legal. Gemini operates under Malta's regulatory framework.
FAQ
❓ What are tokenized stocks?
Tokenized stocks are digital tokens tracking the value of publicly listed companies, allowing for onchain trading.
❓ How does Gemini ensure tokenized stocks are secure?
Tokens are backed 1:1 by U.S. equities and held with a regulated custodian, ensuring their security.
❓ Who can access Gemini's tokenized stocks?
Currently, Gemini's tokenized stocks are available to EU traders, with plans for further expansion.