The Crypto Exchange Gemini has launched a tokenized version of Michael Saylor’s Strategy (MSTR) stock for users in the European Union, which allows them to invest in Bitcoin-buying Firm OnChain.
“Traditional financial metals are difficult to access and require modernization,” Gemini Says In a statement on Friday.
More tokenized stock and ETF will come to the platform as soon as possible
“Tokenized stocks can solve this problem by providing investors more accessing with fewer restrictions,” he added.
Traditional stock markets have many restrictions, including limited trading hours tied to market times, higher fees for international investors, and limited access to investors in certain regions.
Gemini said, “Onchain Stock Trading can solve these problems by offering an inexperienced experience somewhere.”
Gemini said investors can hold crypto and stock onchain without having to sell on one platform to use another for trade stocks.
Gemini cooperated with the US public security provider Dinari to provide services. “By seizing the Dinari’s tokenization-on-demand model, we can offer customers more liquidity, transparency, and the same economic rights as supporting security, which is allowed,” he said.
While MSTR is the only tokenized stock available in Gemini, the exchange says more tokenized stocks and exchange-traded funds (ETFs) are expected to launch “in the coming days.”
Strategy (MSTR) stock reached 3.84% in the past 30 days, trading at $ 383.88, According to In Google Finance data.
On Wednesday, the financial analyst Jeff Walton said the strategy had high chance to qualify for the S&P 500 as long as Bitcoin (Btc) not dropped below $ 95,240 before the end of the second quarter.
The interest that grows for tokenized equally in Europe
It is amid growing interest from other crypto platforms in bringing US-tokenized equities to the European market. Tokenized equities are not available to be exchanged in the US.
On May 8, reports appeared that the brokerage Fintech Robinhood has been reported developing A blockchain network that enables European investors to trade US security traders.
Related: Coinbase seeks to approve the SEC for ‘Tokenized Equities’ – Report
A few weeks later, on May 23, the Crypto Exchange Kraken said it plans to offer customers that are not US that the Option of tokenized US stocksAs part of the company’s pushing to offer more traditional ownership through tokenization.
Meanwhile, Crypto Exchange Coinbase is trying to get the green light in the US. On Tuesday, chief legal coinbase officer Paul Grewal, reported that the company said Searching for the Securities and Exchange Commission (SEC) approved to offer tokenized equal.
Crypto executives hope that tokenized equities will grow. Arnab Ninkar, CEO of Stokr, recently said this is difficult to project but “Certainly a larger trillion-dollar market.”
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