Summary
Crypto.com is pushing deeper into stocks, rolling out tokenized derivatives tracking 1,500 U.S. equities and exchange-traded funds as crypto exchanges increasingly expand into traditional markets. Eligible users in the European Economic Area and other approved markets can gain exposure to stocks including Apple, Nvidia and Tesla as well as ETFs such as SPDR Gold Shares and iShares Silver Trust, with positions starting at $1 and trading around the clock. The products are derivatives issued by Foris Capital CY Limited that reference the price of the underlying stocks or ETFs, providing synthetic exposure rather than share ownership.
Key Facts
- Crypto.com offers tokenized derivatives tracking 1,500 U.S. stocks and ETFs
- Includes Apple (AAPL), Nvidia (NVDA), Tesla (TSLA), SPDR Gold Shares (GLD), iShares Silver Trust (SLV)
- Positions start at $1 and can trade around the clock
- Products are derivatives issued by Foris Capital CY Limited
- Provide synthetic exposure — holders don't own the underlying stock or receive voting/shareholder rights
- May receive dividend-equivalent adjustments
- Underlying assets held with U.S. broker-dealer Alpaca
- Builds on Crypto.com's May 2025 acquisition of Foris Capital, which secured a MiFID license in Europe
- Crypto.com is world's 11th largest exchange (Coingecko)
- Tokenized stocks reached ~$2.49 billion in value, up ~600% over the past year (RWA.xyz)
- Citi estimates tokenized securities could grow to a $5.5 trillion market by 2030, including $2.6 trillion in tokenized equities
- Kraken, Bybit, Bitget and Robinhood have also rolled out tokenized equity products
Why It Matters
Crypto.com's launch lands in a fast-growing corner at the intersection of the crypto market and traditional assets, as exchanges and blockchain firms race to bring equities onchain. The move highlights a key distinction in the tokenized-stock market: synthetic or derivative products track a stock's performance without making the buyer a shareholder, while issuer-sponsored models can put actual common shares onchain while preserving ownership and shareholder rights. This debate is drawing increasing attention from regulators and market infrastructure providers as tokenized securities move closer to the financial mainstream. For the fintech sector, the launch reflects the growing convergence of crypto exchanges and traditional capital markets, and the strategic push by exchanges to offer equities alongside digital assets to capture a broader investor base.