eToro Stock Tokenization: 100 ERC-20 US Stocks, CME Futures
eToro don choose Ethereum for their stock tokenization service, dem don mint 100 US-listed stocks and ETFs as ERC-20 tokens wey dey fully backed by underlying shares. These tokens dey trade 24/5 worldwide and dem fit redeem am for real positions on top eToro platform. The company sef dey market spot-price futures wey connect to these tokens through partnership wit CME Group. To carry their expansion go, eToro secure $250 million three-year credit facility. Based on how dem tokenize gold, silver and fiat for 2019, eToro plan to extend stock tokenization across all asset classes and integrate these ERC-20 tokens into DeFi protocols, wey fit change decentralized access to US equities.
Bullish
Dem wey dem go launch 100 ERC-20 US stock tokens for Ethereum plus pairing dem wit CME Group futures go increase di demand for real-world assets for di network. For short term, e fit boost trading volumes and transaction fees for Ethereum. For long term, wider adoption of stock tokenization and DeFi integration fit cement Ethereum position as di leading platform for financial asset tokenization, supporting steady demand for ETH plus beta price outlook.