The exchange joins a rapidly expanding tokenized stock market that has surged 600% in the past year, offering price exposure instead of actual share ownership.
By Krisztian Sandor|Edited by Omkar GodboleUpdated 46 min agoPublished 1 hr ago2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Kris Marszalek, Crypto.com (Flickr/RISE)SummaryShow- Crypto.com has introduced tokenized derivatives linked to 1,500 U.S. stocks and ETFs, including major names like Apple, Tesla, and Nvidia.
- These products provide synthetic exposure to stock prices, meaning investors do not own the underlying shares or gain voting rights.
- The launch is part of a broader trend of crypto exchanges entering the equity market and raises questions about the true nature of tokenized stocks.
Crypto.com is advancing its foray into the stock market by launching tokenized derivatives that track 1,500 U.S. equities and exchange-traded funds as crypto exchanges seek to penetrate traditional financial markets.
On Wednesday, the exchange announced that eligible users located in the European Economic Area and other selected markets can access stocks like Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA), as well as ETFs such as SPDR Gold Shares (GLD) and iShares Silver Trust (SLV). Minimum positions begin at $1 and trading is available around the clock.
The derivatives are issued by Foris Capital CY Limited and reference the price movements of the underlying stocks or ETFs. Essentially, they offer synthetic exposure; if Apple shares increase in value, the corresponding derivative is designed to reflect that change, but the holder does not become a shareholder of Apple.
This means that investors do not obtain legal or beneficial ownership of the actual securities and do not enjoy voting rights or other privileges typically associated with shareholders. However, they may receive adjustments equivalent to dividends, as stated by Crypto.com. The underlying assets for these products are managed by U.S. broker-dealer Alpaca.
This initiative builds on Crypto.com's acquisition of Foris Capital in May 2025, which enabled the exchange to secure a Markets in Financial Instruments Directive (MiFID) license to offer regulated financial products across Europe.
According to data from Coingecko, Crypto.com ranks as the 11th largest exchange globally.
Expansion of Tokenized Stocks
The launch arrives at a time when the tokenized stock market is experiencing rapid growth, with an estimated value of approximately $2.49 billion, marking a 600% increase over the last year, as per RWA.xyz data. This growth reflects the efforts of exchanges and blockchain firms to bring equities onto the blockchain. Citi has projected that the market for tokenized securities could reach $5.5 trillion by 2030, which includes $2.6 trillion in tokenized equities.
Tokenized stock market (RWA.xyz)Platforms such as Kraken, Bybit, Bitget, and Robinhood have also launched tokenized equity products aimed at investors outside the U.S. Meanwhile, the Depository Trust & Clearing Corporation (DTCC), which supports U.S. securities markets, has begun testing tokenized securities infrastructure. Additionally, Nasdaq and the New York Stock Exchange are also exploring tokenization initiatives.
However, not all tokenized products function identically. Synthetic or derivative products track stock performance without granting the buyer shareholder status, while issuer-sponsored models can place actual shares on the blockchain while maintaining ownership and shareholder rights.
This ongoing discussion is garnering more attention from regulators and market infrastructure providers as tokenized securities increasingly approach mainstream finance.
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