Crypto.com launches tokenized derivatives on 1,500 U.S. stocks and ETFs, using a MiFID license from its Foris Capital acquisition. Positions start at $1 for European and eligible non-U.S. users.
Crypto.com rolled out tokenized derivatives tied to 1,500 U.S. equities and exchange-traded funds on Wednesday, opening stock-like exposure to users outside the U.S. through a single exchange account.
Eligible traders across the European Economic Area and several other specified markets can open positions from $1 on stocks including Apple Inc., Nvidia Corp., and Tesla Inc., as well as ETFs such as SPDR Gold Shares and iShares Silver Trust. The products settle 24/7 and are issued by Foris Capital CY Limited, with supporting assets held at U.S. broker-dealer Alpaca.
Crypto.com acquired Foris Capital in May 2025, picking up a Markets in Financial Instruments Directive license – the regulatory passport needed to offer these derivative products legally across Europe. Without that license, the exchange could not have launched this lineup.
The tokenized equity market now totals $2.49 billion in value, a roughly 600% increase over the past year. Citi has projected tokenized securities could reach $5.5 trillion by 2030, though that figure is an estimate, not a guarantee.
A quick distinction that matters here: Crypto.com's products provide synthetic exposure, meaning users track the price of a stock but do not own the underlying shares. There are no voting rights attached. Dividend-equivalent adjustments may be applied, but the exchange does not guarantee them. Other models – issuer-sponsored tokenization, where real shares are placed on-chain – preserve ownership and shareholder rights. Which approach wins wider adoption depends on both regulatory direction and user demand.
Crypto.com ranks as the 11th largest exchange globally by volume. The exchange is targeting international retail traders who struggle to access U.S. stocks through conventional brokerage channels. The pitch is straightforward: low entry points, round-the-clock trading, and no separate brokerage account needed. The trade-off is counterparty risk embedded in the synthetic structure.
Kraken, Bybit, and Robinhood have all launched tokenized equity products aimed at non-U.S. investors. Bitget has done the same. The pattern is consistent: blockchain rails make cross-border equity access cheaper and faster, at least in theory.
A broader signal came from the Depository Trust & Clearing Corporation, which has begun testing tokenized securities infrastructure. Nasdaq and the New York Stock Exchange have announced tokenization initiatives of their own, though details remain sparse.
Users can check the full Crypto.com listing terms through the exchange's platform. The SLV product trackable via AlphaScala's SLV stock page is among the ETFs offered.
One detail worth noting on the regulatory front: the distinction between synthetic and issuer-sponsored structures is drawing more scrutiny as the market grows. Synthetic products are easier to launch globally but strip out ownership rights. Issuer-sponsored models are harder to build but closer to the real thing. No clear winner has emerged.
The exchange's product suite covers 1,500 names. That is a wide net, and the $1 minimum makes it accessible to retail traders who might otherwise sit out U.S. equity markets entirely.
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