MicroStrategy's Blockchain-Based Tokenised Stock Hits Markets

MicroStrategy (MSTR) is a company that trades on Nasdaq under the ticker MSTR, and its tokenised stock aims to bring price exposure onto a blockchain. A tokenised stock is a derivative contract that provides one-to-one price exposure to an underlying equity, represented by a blockchain-based token.

The Cronos EVM chain issues these tokenised stocks, which track the underlying equity's price on a 1:1 basis. However, holding a tokenised MSTR asset does not make the holder an owner of the underlying shares or grant voting rights.

Strategy Inc (formerly MicroStrategy) has announced that it will change its name to Strategy Inc in August 2025. The tokenised stock is designed to mirror the price of MSTR, and users can gain exposure to MicroStrategy's price movements without owning the underlying shares.