NEW YORK – MyStonks.org, a decentralized trading platform, has announced the official launch of a fully custody-backed, on-chain U.S. stock token marketplace in the crypto industry.
a global asset management giant provides custodial services for platform users, with an initial custody asset total of $50 million.
Users can purchase U.S. stocks on MyStonks by transferring USDC or USDT from their self-custodied crypto wallets. When buying Apple shares, users receive AAPL.M tokens minted by MyStonks.org, representing the exact number of shares held. Token pricing utilizes Chainlink oracles.
To ensure the security of user assets, MyStonks has partnered with Fidelity, which provides custody services (Custody) for platform users’ U.S. stock holdings.
All trading operations are governed by smart contracts to ensure immutability and auditability. A Decentralized Identity System (DID) safeguards account uniqueness and prevents fraudulent transactions.
“The launch of the Stonks100 tokenized U.S. stock marketplace marks an important milestone in our ongoing journey of innovation,” a MyStonks.org representative said.
MyStonks.org is a decentralized crypto asset trading platform offering fully custody-backed, 1:1 tokenized U.S. equities on-chain.
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