MyStonks Launches Tokenized U.S. Stock Market with Full Custody Support

According to Foresight News, the blockchain trading platform MyStonks has completed its platform upgrade and launched a tokenized U.S. stock market with full custody support. Crypto users can now purchase U.S. stocks through MyStonks, with asset management giant Fidelity providing custody services for platform users. The initial batch of custodial assets amounts to $50 million. The first batch of securities assets under custody includes token equivalents of 95 U.S. stocks such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, NVDA, and five cryptocurrency and stock ETFs listed in the U.S. MyStonks was created based on the CTO of the Stonks community and operates as a decentralized crypto asset trading platform. It offers users 100% custody support for U.S. stock assets and facilitates the issuance and trading of real-world assets (RWA) on the blockchain at a 1:1 ratio.