Platform Crypto Tokenization of Stocks Strategy for Innovation
The crypto platform Gemini has launched a tokenized version of the stock Strategy (MSTR). This means that investors can now invest in MSTR stock directly on the blockchain (onchain).
Currently, only MSTR stock is available in token form on Gemini, but they have announced that more tokenized stocks and ETFs will be launched in the coming days. Nevertheless, these tokenized stocks are only available to users in the European Union.
This initiative was launched because, according to them, the traditional financial system is difficult to access and it is time for an update. The founders of Gemini argue that tokenized stocks could be the solution because they provide broader access with fewer barriers compared to conventional stock markets.
"The traditional financial system is hard to access and needs to be modernized. Tokenized stocks address this issue by providing investors with greater access with fewer restrictions," said the company.
Onchain stock trading offers a solution to these barriers as investors can access and trade stocks anytime from one integrated platform. This means that users do not have to switch between applications or sell crypto assets first to buy stocks.