Crypto.com has introduced tokenised US stock trading to European users through its Cyprus-regulated entity Foris Capital CY Limited, offering access to over 1,500 US equities and ETFs with continuous trading available from as little as one dollar. The service, which launches on 12 August 2026 across the European Economic Area and approved jurisdictions, allows trading outside conventional market hours while custody of underlying shares remains with US-regulated broker-dealer Alpaca.
The tokenised instruments track underlying asset prices but do not confer ownership rights or voting entitlements, though dividend-equivalent adjustments may apply. An initial zero-commission period is being offered, though FX conversion charges and spreads may still be applied under product terms. The launch follows similar offerings from Kraken and Bybit, which use Backed Assets’ xStocks infrastructure that permits self-custody wallet withdrawals for certain assets, a feature not available in Crypto.com’s derivative-based structure.
The development highlights continued regulatory arbitrage in tokenised securities, where crypto platforms licensed in specific EEA jurisdictions can distribute products that bridge traditional equities and digital asset infrastructure. For brokers and compliance teams, the product demonstrates how MiFID-licensed entities can leverage crypto rails to offer extended trading hours and fractionalised access, though the legal characterisation of these instruments as derivatives rather than actual securities remains critical for regulatory treatment and investor protection frameworks.
FXnCO Insight
As tokenised securities gain traction in Europe, traditional brokers should assess whether their current licensing and technology infrastructure positions them competitively against crypto platforms offering continuous market access and fractional ownership through alternative legal structures.
Source: Finance Magnates