Jun 12, 04:00 AM

Trust Wallet, AlchemyPay, BackedFi Enable 24/7 Tokenized Stocks Trading in 170+ Countries Including Apple, Tesla, S&P 500 ETFs

The tokenization of assets is poised to transform global finance, with projections indicating that 80% of the world’s assets will be tokenized within the next 15 years. This shift will enable continuous, 24/7 trading of any asset against another and facilitate seamless integration between decentralized finance (DeFi) and traditional finance (TradFi). Industry leaders highlight the potential for tokenized stocks to act as a gateway for further innovation once traditional financial assets move on-chain. Companies such as Trust Wallet have announced plans to introduce tokenized real-world assets to their users, while AlchemyPay and BackedFi have launched a new real-world asset (RWA) integration. This platform allows investors in over 170 countries to buy tokenized stocks, including Apple, Tesla, and S&P 500 ETFs, using local fiat currencies without intermediaries from Wall Street. Executives emphasize that tokenization not only expands network effects but also creates a new asset class based on ownership of these digital networks.

#Trust Wallet #AlchemyPay #BackedFi #Apple #Tesla #Wall Street

Written with ChatGPT (GPT-4).

Trust Wallet, AlchemyPay, BackedFi Enable 24/7 Tokenized Stocks Trading in 170+ Countries Including Apple, Tesla, S&P 500 ETFs

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