True Markets Debuts Tokenized Equity Trading with Nvidia

True Markets has launched an on-chain orderbook for tokenized equities, starting with Nvidia against USDC.

The DeFi Orderbook is designed to address pricing and execution issues in 24/7 markets. The first market, NVDAc/USDC, is available to beta clients through the company's APIs and FIX gateway.

Vishal Gupta, Co-Founder and CEO of True Markets, said that continuous trading can cause tokenized securities to move away from their underlying assets, calling this 'unanchored pricing.'

'If you buy tokenized Nvidia, you should get Nvidia prices,' he said. He noted that market orders worth a few hundred dollars can incur more than 100 basis points in slippage on some AMM pools.

The orderbook provides price protection, limit orders, best execution reporting and price improvement. True Markets said more orderbooks will follow.