Crypto.com Launches Tokenized US Equities and ETFs in Europe | PYMNTS.com

Crypto.com has launched tokenized U.S. equities and ETFs for European users, expanding access to traditional markets. The company’s “Tokenized Stocks” provide exposure to 1,500 underlying stocks and funds, but they are derivative instruments that track price performance rather than granting legal or beneficial ownership or shareholder rights to the underlying assets. In the EEA, issuance is handled by Foris Capital CY Limited, regulated by the Cyprus Securities and Exchange Commission, while custody of underlying assets is with Alpaca, a U.S. regulated self-clearing broker-dealer. The product is positioned for round-the-clock trading, fractional investing, and fast settlement. The launch follows Crypto.com’s $400 million strategic investment from Citadel Securities announced in July.