📊 MyStonks, an on-chain trading platform, launched on the U.S. stock token market, and the first batch of $50 million in U.S. stock assets was held in custody by Fidelity
@MyStonksCN, an on-chain trading platform, announced that it has completed the platform upgrade and officially launched the on-chain U.S. stock token market, which is supported by 100% custody. Crypto users can buy U.S. stocks through MyStonks, and global asset management giant Fidelity provides U.S. stock custody services for platform users, with the first batch of custody assets reaching $50 million.
It is reported that the first batch of securities assets managed by MyStonks include 95 equivalent tokens corresponding to U.S. stocks, such as $AAPL, $AMZN, $DIS, $GOOGL, $META, $MSFT, $NFLX, and $NVDA, as well as 5 cryptocurrencies and stock #ETF listed in the United States. It is a decentralized crypto asset trading platform created on the basis of the CTO (Community Take Over) of the Stonks community, providing users with 100% U.S. stock asset custody support and 1:1 on-chain RWA issuance and trading.
We are pleased to announce that MyStonks has completed the upgrade and officially launched on the on-chain U.S. stock token market, where crypto users can buy U.S. stocks.
In order to ensure the safety of users' assets, we have also cooperated with Fidelity Custody, a world-renowned asset management platform, to provide custody services for U.S. stock assets, with the first batch of assets under custody reaching $50 million.
Starting today, you can buy up to 100 US stock tokens or ETFs on MyStonks.
Let's take a look at the specific transaction process:
On MyStonks, users initiate a request to buy Stonks100 U.S. stock tokens, transfer USDC or USDT from the wallet to the platform, MyStonks converts them into USD and purchases the corresponding share of securities, and at the same time mints tokens through the Base Chain smart contract and sends them to the user's wallet.
Taking Apple (AAPL) stock as an example, MyStonks will mint the corresponding share of AAPL.M tokens 1:1 and send the tokens to the user's wallet.
When you don't want to hold U.S. stock tokens, taking AAPL.M as an example, you can initiate a request to sell AAPL.M in the self-custody wallet connected to MyStonks, and the MyStonks platform will perform a reverse operation, realize AAPL.M into stablecoins and transfer them to your account, and destroy the corresponding AAPL.M 1:1.
Currently, you can trade 95 US stocks such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, NVDA, and 5 US-listed crypto and stock ETFs on MyStonks.
Choose from 100 USD assets!
Protecting the security of user assets is always our best priority!
Users buy tokens corresponding to shares, which are 100% held in custody by Fidelity, ensuring the authenticity, compliance, and auditability of the assets.
All buy and sell operations in MyStonks are executed through smart contracts, ensuring that they are tamper-proof and auditable.
Off-chain deposit and withdrawal operations require authorization from a Multisig Wallet to avoid single points of failure and internal abuse.
Cross-chain asset transfers are done through audited cross-chain protocols. Implement a time-lock mechanism to prevent lightning attacks.
In this upgrade, MyStonks has also optimized the user experience, including supporting on-chain cap order transactions, enhancing the wallet connection experience, refining the user account center, and optimizing the UI layout.
You are welcome to use it
About the Stonks Community:
The Stonks community has inherited the spirit of $GME and cryptocurrency rebellion. The slogan of the community is: FIGHT! HODL! examine
Read the Stonks white paper:
View the Fidelity Custody Report:
Join the $Stonks Chinese Community:

36.54K
131
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.