Crypto.com Launches Tokenized Stocks on Blockchain Platform
Crypto.com has introduced tokenized stocks, allowing users to buy and trade U.S. securities on its platform. The company packages around 1,500 U.S. stocks and ETFs into blockchain-based products, offering extended trading hours and a different legal structure from ordinary shares.
The tokenized stocks are derivative contracts issued by Foris Capital MU Limited, an investment dealer licensed by the Financial Services Commission of Mauritius. Each token is backed 1:1 by the corresponding stock, but investors receive economic exposure rather than direct ownership.
One key feature of Crypto.com's tokenized stocks is extended trading hours, which allow users to buy and sell during non-U.S. market hours. However, available liquidity determines the value of this extra access, and users may be limited to placing limit orders when there is low liquidity.