Digital asset platform Trust Wallet introduces tokenized stocks and ETFs on the blockchain, offering the opportunity to over 200 million global users.
In a groundbreaking move, Trust Wallet, a self-custody Web3 wallet with over 200 million users, has launched tokenized real-world assets (RWAs) for users globally. This initiative signifies a shift towards a more inclusive financial system, providing everyday people with access to opportunities previously reserved for the few.
Starting with Ethereum, Trust Wallet expands its Tokenized RWA access to cross-chain. The new offering includes tokenized versions of leading equities and major U.S. ETFs, unlocking seamless access to these financial instruments for Trust Wallet users.
The tokenized RWAs are powered by smart contracts and issued by third-party partners such as Ondo Finance. Ondo Finance ensures the tokens track the price of the underlying asset with transparency and blockchain-based accountability.
Trust Wallet aims to build the first Web3 neo bank, offering a wide range of financial tools including Tokenized RWAs, staking, swaps, onchain identity, and more. To make RWA interactions simple and secure, Trust Wallet has integrated the 1inch Swap API.
The launch allows anyone with a smartphone to gain exposure to iconic stocks and ETFs directly within Trust Wallet, without requiring a bank account, brokerage, or intermediary. However, it's important to note that asset prices may vary and are subject to market risk. Always Do Your Own Research (DYOR).
While the main third-party companies enabling the tokenization of stocks and ETFs for Trust Wallet via smart contracts were not explicitly named in the provided search results, platforms involved in tokenization typically include decentralized finance (DeFi) projects, exchanges like Robinhood considering tokenized securities, and blockchain protocols supporting smart contracts.
It's worth mentioning that RWA tokens are blockchain-based representations of real-world financial instruments. However, their availability is region-specific and they are not available for purchase or sale in the United States, the United Kingdom, or the European Union.
Trust Wallet's announcement was made via their YouTube channel, marking a significant milestone in their mission to make Web3 more accessible and user-friendly. The launch of tokenized RWAs on Trust Wallet is a major step towards a more inclusive financial future, where access to global markets isn't a privilege, but a basic right.
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