Crypto.com Enters Tokenized Equity Market with 1,500-Strong Product Line
Crypto.com has launched Tokenized Stocks, a set of derivatives tracking the price of approximately 1,500 US-listed equities and exchange-traded funds. The product allows users in the European Economic Area and other approved jurisdictions to buy fractional exposure to names like Apple, Nvidia, and Tesla, as well as commodity funds such as SPDR Gold Shares, starting from $1.
The rollout targets users outside America, following a similar attempt by Binance and FTX in 2021 that was shut down within three months due to regulatory issues. Crypto.com built the offering on a MiFID license secured through its acquisition of Foris Capital and custody with Alpaca.
Tokenized Stocks do not grant buyers real shares; each token is a derivative contract tracking price movement without transferring legal or beneficial ownership, voting rights, or corporate governance. Holders can still receive dividend-equivalent payments mirroring the underlying company's cash distributions.