Global investment platform eToro announced the launch of tokenized US stock and ETF trading services. By utilizing ERC-20 tokens based on the Ethereum blockchain, trading will be possible 24/7 without the constraints of traditional market operating hours.
Yoni Asia, eToro's CEO, stated, "The GENIUS Act in the US and the MiCA regulation in Europe have established the legal basis for tokenized real assets" and "With blockchain technology tokenizing traditional assets, the largest wealth transfer in history will occur."
This service includes stocks of major companies listed on the New York Stock Exchange and Nasdaq, as well as tokenized futures trading in collaboration with CME Group. Korean investors who previously had limited access to US markets due to time differences will see significantly improved investment accessibility.
However, eToro cautioned that during non-traditional trading hours, trading volume may be low and price volatility could increase, advising investors to be mindful of potential bid-ask spread expansions and sudden price fluctuations.
Established in 2007, eToro entered the cryptocurrency market early and was recognized with a corporate value of $4.2 billion through its Nasdaq listing in May this year. The industry expects this tokenization service to accelerate the convergence of traditional finance and blockchain.
