Gemini Launches Tokenized Stock Trading for EU Customers with MSTR
Gemini has launched tokenized stocks for customers in the EU, starting with Strategy's stock MSTR. This initiative aims to increase liquidity and transparency in the market.
Key Details
- Tokenized MSTR available as on-chain tokens backed by real securities.
- Partnership with Dinari Global for expertise in US public securities tokenization.
- Dinari obtained broker-dealer registration from FINRA, enabling it to offer tokenized US stocks.
- Customers will receive economic rights associated with the underlying security where permitted.
- MSTR tokens initially available on Arbitrum (ARB), with plans to expand to other networks.
- Gemini aims to provide worldwide access to US equities and enhance financial participation.
- Recent Binance Research report noted a 260% growth in the Real-world Asset (RWA) tokenization market in H1 2023.
The RWA market grew from $8.6 billion to $23 billion, driven by increasing regulatory clarity and broader adoption of blockchain-based products.
Other companies like Robinhood, Goldman Sachs, and Mastercard are exploring opportunities in tokenization.