MetaMask Adds 200+ Tokenized US Stocks & ETFs

MetaMask now supports 200+ tokenised US stocks & ETFs, bringing Wall Street assets on-chain through blockchain finance.

MetaMask Adds 200+ Tokenized US Stocks & ETFs
MetaMask Adds 200+ Tokenized US Stocks & ETFs
Table of Content

The popular Consensys self-custodial wallet MetaMask has received a significant update. Users may now access over 200 tokenized U.S. equities and ETFs from within the MetaMask mobile app due to a recent cooperation with Ondo Global Markets.

This implies that qualified users from outside the United States can purchase, hold, and trade tokenized stocks and exchange-traded funds (ETFs) directly from their wallet; a conventional brokerage account is not necessary.

A larger change occurring in the finance industry is reflected in the launch. Tokenized assets are an obvious illustration of how blockchain is being utilized more and more to link traditional markets with decentralized finance (DeFi). This makes well-known financial products more digitally accessible for investors around the world.

On-Chain Access to Wall Street

This rendition represents a significant advancement for MetaMask. With blockchain technology, the wallet is now utilized to link users directly to conventional financial markets rather than merely serving as a location to store cryptocurrency.

MetaMask provides qualified users with access to U.S. stocks and exchange-traded funds (ETFs) through its partnership with Ondo Finance, eliminating the requirement for a brokerage account. By reducing conventional entrance barriers, this facilitates exposure to U.S. markets for a large number of foreign investors.

The action also represents a larger trend in the industry toward tokenized real-world assets (RWAs), which are on-chain financial items such as commodities, equities, and bonds. This allows users to track real-world market prices while enjoying self-custody, fractional ownership, faster settlement, and reduced reliance on middlemen.

MetaMask Wallet Features

Now that tokenized assets are operational, MetaMask users can use a number of potent features:

  • More than 200 tokenized US equities and ETFs are available. Along with tokenized commodities like gold and silver, the original roster includes well-known brands like Tesla, Apple, Microsoft, and NVIDIA.
  • A single, cohesive portfolio view that makes it simple to manage tokenized traditional assets and cryptocurrencies from a single wallet.
  • MetaMask Swaps allows for round-the-clock trading from Sunday evening to Friday evening, with transactions settled in USDC on the Ethereum mainnet.
  • Token transfers are available around-the-clock, enabling users to send and receive assets even beyond regular market hours.

This update makes MetaMask more than simply a cryptocurrency wallet; it's beginning to resemble a comprehensive digital financial hub by enabling users to hold traditional market exposure alongside digital assets.

Global Accessibility and Restrictions

At the moment, only qualified users in a select few non-US regions can access the characteristic. Users in the United States, the European Union, the United Kingdom, Canada, and certain other jurisdictions do not yet have access due to regulatory and compliance constraints.

For the time being, desktop functionality will be made available via MetaMask's browser extension, and the rollout will concentrate on users in authorized regions later this month.

These limitations are a reflection of current securities rules that restrict the distribution of tokenized versions of stocks and exchange-traded funds (ETFs) listed in the United States in specific areas. Future regulatory clarity will be crucial in determining how and when the feature is extended.

How Trading Works?

With MetaMask Swaps, qualified users can directly purchase and sell tokenized stocks and ETFs. Using USDC to fund an Ethereum wallet is the first step in the process. Among there, users can select among over 200 tokenized stocks and exchange-traded funds (ETFs) offered by Ondo Global Markets.

Even though these tokens are transferable at any time, real buy and sell orders can only be made during the hours that U.S. markets are open, which are Monday through Friday, excluding weekends and holidays.

The experience is intended to resemble cryptocurrency trading in many ways. The assets are instantly available within the wallet after purchase and can be retained, moved, or exchanged just like any other token.

Users can purchase fractional ownership, avoiding the requirement to purchase entire shares, and the pricing is in line with the underlying securities. There is no need for a formal brokerage onboarding process because everything takes place inside MetaMask.

Bridging Finance and Blockchain

MetaMask's entry into tokenized stocks is part of a broader effort in the financial industry to use blockchain technology to make investing more accessible. Decentralized technologies are bringing features that were previously only available to big brokers and financial institutions to regular people.

The way people interact with markets and tokenized securities is being transformed by MetaMask, which combines traditional investing with decentralized finance infrastructure.

This change also demonstrates how blockchain is becoming more and more important in contemporary finance, as digital wallets are becoming more than just locations to keep cryptocurrency; they are becoming platforms for managing various asset classes.

If you identify any issues in this article or notice missing information, please feel free to reach out at team@etherworld.co for clarifications or updates.

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