According to Crypto.com's official announcement, the Tokenized Stocks offering is available through its app to eligible users in the European Economic Area and other approved jurisdictions, with products tracking companies including NVDA, TSLA, and AAPL alongside exchange-traded funds such as GLD and SLV that provide exposure to gold and silver, respectively. The initial selection covers 1,500 underlying US stocks and funds, with users able to start trading with just $1 and access products around the clock, including instruments tied to major tech giants and commodity ETFs. As reported by Crypto.com, the products support fractional positions, fast settlement, and 24/7 trading outside the normal hours of U.S. stock exchanges. For a limited introductory period, Crypto.com is offering eligible users zero-commission trading on Tokenized Stocks, subject to applicable terms and conditions, with other FX charges or spreads applying. The platform utilizes Crypto.com's industry-leading deep liquidity and efficient trade execution capabilities to combine seamless access and speed with traditional equities investing in a tokenized format.
Kris Marszalek, Co-Founder and CEO of Crypto.com, emphasized the strategic importance of this launch, stating "We're advancing our multi-asset ecosystem by giving our users a flexible way to invest with instant access to U.S. equity and ETF exposure. Money never sleeps. Market access shouldn't either. By modernizing one of the world's oldest asset classes with the speed of blockchain, Tokenized Stocks offers a simple, 24/7 solution to a historically complex trading experience." The launch continues Crypto.com's trend of adding "real-world asset" trading capabilities, positioning the platform to compete with rivals such as Kraken's xStocks and other crypto platforms expanding beyond core cryptocurrency trading. The most disruptive aspect is that the market for these tokenized assets never actually closes, allowing users to react to news or price swings even when Wall Street is asleep. The price of entry at just $1 undercuts almost every traditional brokerage, removing barriers that have historically kept retail investors out of high-priced US equities like tech giants trading at hundreds of dollars per share.
Unlike buying shares through a traditional broker, Crypto.com users are not purchasing the underlying stocks. According to the exchange, Tokenized Stocks are derivative financial instruments designed to follow the price performance of the corresponding equities or ETFs. Holders do not receive legal or beneficial ownership of the securities or the shareholder rights attached to them. Eligible users may instead receive dividend-equivalent adjustments under the terms of the products. The structure means a Tokenized Stock referencing Apple is designed to move with the underlying Apple share price without turning the buyer into an Apple shareholder. As Crypto.com notes, buying a tokenized version of TSLA does not make you a Tesla shareholder - you get no voting rights, no legal or beneficial ownership of the underlying company, and no direct claim on the asset. This fractional ownership model removes one of the biggest barriers that has historically kept retail investors out of high-priced US equities. The dividend-equivalent adjustments are subject to applicable product terms and are not guaranteed, with users solely responsible for all investment decisions made through their accounts.
The underlying assets supporting Crypto.com's Tokenized Stocks are held in custody with Alpaca, a U.S.-regulated self-clearing broker-dealer. According to the exchange, Alpaca provides infrastructure supporting more than 90% of the tokenized U.S. stock and ETF market. In the European Economic Area, the Tokenized Stocks are provided by Crypto.com's Cyprus-based, CySEC licensed unit Foris Capital CY Limited (formerly known as A.N. Allnew Investments Limited). The firm holds a Cypriot Investment Firm license (no. 344/17) under the Investment Services Law 87(I)/2017, which implements the EU's MiFID II directive (2014/65/EU) in Cyprus. This license has been passported across other EEA jurisdictions on a freedom-of-services basis, meaning Tokenized Stocks trading is available to eligible users throughout the EEA as well as other approved markets globally. Crypto.com's expansion into tokenized stocks follows its acquisition of a MiFID licence in 2025, allowing the company to offer eligible users in the EEA a wider range of financial products, including securities and derivatives. The firm had secured its MiCA licence earlier that year, demonstrating that Crypto.com is treating tokenized equities as a serious financial product rather than a crypto side experiment.
The launch takes Crypto.com further outside its core cryptocurrency trading business as crypto platforms compete for users who want stocks, commodities and digital assets through the same trading interface. In June, Binance launched its bStocks product with tokenized versions of Nvidia, Tesla, Circle, Micron and SanDisk, with assets backed 1:1 by underlying U.S. securities. Robinhood followed with tokenized stock trading in July, while Backpack entered the market in July with 24/7 trading for tokenized U.S. stocks across more than 150 countries. According to RWA.xyz data, the tokenized stock market is valued at approximately $2.49 billion, representing an increase of roughly 600% over the previous year. The headline feature is accessibility, with Crypto.com's new offering opening the door to 1,500 underlying stocks and funds, allowing users to start with a single dollar instead of needing hundreds or thousands of dollars to buy a full share. Rather than competing head-on with traditional brokerages, Crypto.com is betting that blockchain-based settlement and always-on access are enough of a differentiator to pull equity trading into its existing crypto user base, which could pressure other exchanges to follow with similar tokenized offerings.
The market has developed beyond one standard product design, with platforms using derivatives, fully backed tokens, custodial structures and blockchain-based securities to provide different forms of stock exposure. Established U.S. securities infrastructure providers are developing their own systems as crypto platforms add tokenized stocks. The Depository Trust & Clearing Corporation has been working on a regulated tokenization service covering securities held in Depository Trust Company custody, with potential assets including Russell 1000 stocks, major index ETFs and U.S. Treasury securities. Citi has estimated that tokenized securities could become a $5.5 trillion market by 2030, including about $2.6 trillion in tokenized equities. The most disruptive part of this launch is that the market for these tokenized assets never actually closes, allowing users to react to news or price swings even when Wall Street is asleep. Combining round-the-clock access with fractional ownership and fast settlement gives Crypto.com a product that behaves more like crypto trading than legacy stock investing, precisely the point of this strategic positioning. Investments in Tokenized Stocks involve risk, including market, liquidity and counterparty risk, with the value of investments potentially rising or falling and investors possibly losing part or all of their invested capital. Past performance is not a reliable indicator of future results, and users are solely responsible for all investment decisions made through their accounts.
