At 12:00 PM Eastern Daylight Time (EDT / UTC-4) on May 10, 2025, the on-chain trading platform MyStonks.org announced that it has completed platform updates and officially launched the on-chain US stock token market supported by 100% custody. MyStonks.org stated that crypto users can purchase US stocks through MyStonks, with global asset management giant Fidelity providing custody services for platform users, and the first batch of custody assets reaching $50 million.
MyStonks has successfully established a complete cycle process from Fidelity-custodied US stock assets to token generation and destruction on the Base chain. Users can initiate a request to purchase Stonks100 US stock tokens through the MyStonks platform, transferring USDC or USDT from their self-custodied cryptocurrency wallet to the platform, where MyStonks will convert it to USD and purchase the corresponding shares of securities, while minting tokens via the Base chain smart contract.
Taking Apple (AAPL) stock as an example, MyStonks mints AAPL.M tokens in a 1:1 ratio corresponding to the shares and issues them to the user's on-chain wallet address. The minted US stock tokens comply with the ERC20 standard, and the exchange process uses ChainLink Oracles as price providers.
If a user wishes to burn their minted US stock tokens, taking AAPL.M as an example, they can initiate a sell request for AAPL.M from their self-custodied wallet connected to MyStonks. The MyStonks platform will perform a reverse operation, converting AAPL.M into stablecoins and transferring them to the user's account, while simultaneously burning the corresponding AAPL.M in a 1:1 ratio.
To ensure the security and compliance of user assets, MyStonks has partnered with Fidelity, which provides custody services for platform users' US stock assets.
A report issued by Fidelity Custody on April 29, 2025, shows that the first batch of US stocks held by MyStonks Holding Limited is valued at over $50 million ($50,473,199.00). The first batch of securities held by MyStonks includes 95 different stocks such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, NVDA, corresponding to 95 1:1 equivalent US stock tokens; as well as 5 cryptocurrency and stock ETFs listed in the United States.
A representative from MyStonks.org introduced that when users purchase US stock tokens on the platform, the corresponding stocks are held in custody by Fidelity, ensuring the authenticity, compliance, and auditability of the assets. Through integration with Fidelity's custody infrastructure, MyStonks achieves seamless connection between on-chain tokens and off-chain stock assets. As a trusted institution in the traditional financial sector, Fidelity plays a key role in ensuring asset security and compliance, making it an important partner for MyStonks in realizing tokenized stock trading.
At the same time, MyStonks has also upgraded the security of on-chain trading and user experience.
When users initiate buy or sell orders, MyStonks will execute the corresponding operations on-chain, including cross-chain asset management, real stock trading, token minting or burning, etc. The entire process is transparent, traceable, and decentralized, allowing users to gain exposure to US stocks in a fully digital and tokenized form.
All buying and selling operations on MyStonks are executed through smart contracts, ensuring immutability and auditability. The decentralized identity system (DID) ensures account uniqueness and prevents forged transaction requests. All core contracts have passed security audits, and the contract architecture adopts a modular design for risk isolation.
MyStonks.org explains that off-chain deposit and withdrawal operations require authorization from a multi-signature wallet (Multisig Wallet) to avoid single points of failure and internal abuse. Cross-chain asset transfers are completed through audited cross-chain protocols. A transaction delay confirmation mechanism (Time-Lock) is implemented to prevent flash attacks. The frontend uses HTTPS and HSTS to enforce encrypted access.
This upgrade also optimizes the user experience of MyStonks, including support for on-chain limit order trading, enhanced wallet connection experience, refined user account center, and optimized UI layout.
The 'Stonks100 US stock token is not only MyStonks' latest successful attempt but also signifies our ability to continuously deliver on our commitment to innovation-driven growth. In the future, we will continue to expand the tokenization of US stock assets and related businesses. Safety, professionalism, stability, and real transparency in trading are the values we aim to create for the industry. We believe that as MyStonks develops, MyStonks users and Stonks global community partners will also benefit together. We are moving forward steadily,” said a representative from MyStonks.org.
About MyStonks.org:
MyStonks.org is a decentralized cryptocurrency asset trading platform created based on the Stonks community CTO (Community Take Over), providing users with 100% custody support for US stock assets, 1:1 on-chain RWA issuance and trading. MyStonks' vision is to become the decentralized 'Nasdaq' in the cryptocurrency field, providing support and a platform for emerging token projects, fundamentally revolutionizing the decentralized financial ecosystem, and promoting healthy development in the cryptocurrency industry.
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