Stocks
True Markets Launches On-Chain Orderbook for Tokenized Equities with Nvidia
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.
Continuous trading can cause tokenized securities to move away from their underlying assets, according to True Markets. This phenomenon is referred to as “unanchored pricing.”
Vishal Gupta, Co-Founder and CEO of True Markets, noted that market orders worth a few hundred dollars can incur more than 100 basis points in slippage on some AMM pools.