Crypto.com said Wednesday it has rolled out tokenized stock derivatives linked to about 1,500 U.S. stocks and exchange-traded funds, giving eligible users access to products tied to companies including Apple, Nvidia and Tesla, as well as ETFs such as SPDR Gold Shares (GLD) and iShares Silver Trust (SLV).
According to the company’s statement, the products are now available to eligible users in the European Economic Area, or EEA, and other approved markets. Crypto.com said the offering lets users take part in traditional equity markets directly on its platform, with positions starting from $1 and trading available 24 hours a day.
Synthetic exposure rather than share ownership
The new instruments are derivatives issued by Foris Capital CY Limited and are designed to track the price performance of the underlying stocks or ETFs. In practice, that gives users synthetic exposure rather than direct ownership of the assets. If Apple shares rise, the matching tokenized product is designed to move with that price action, but the holder does not become an Apple shareholder.
Crypto.com said buyers of the tokenized derivatives do not obtain legal ownership or beneficial rights in the underlying securities, and they do not receive shareholder privileges such as voting rights. The exchange added that investors may still receive price-adjustment compensation equivalent to cash dividends.
The assets supporting the derivatives are held in custody by Alpaca, a qualified U.S. broker, according to the statement.
MiFID license followed Foris Capital acquisition
Crypto.com said the new business line was made possible by its acquisition of Foris Capital in May 2025. That deal allowed the exchange to obtain a Markets in Financial Instruments Directive, or MiFID, license, which gave it approval to issue regulated financial products in Europe.
Data from CoinGecko ranks Crypto.com as the world’s 11th-largest cryptocurrency exchange.
Tokenized securities market keeps expanding
The launch arrives as tokenized assets continue to grow. Data from RWA.xyz shows tokenized stocks have reached a total market capitalization of about $2.49 billion, up nearly 600% over the past year. Citi has projected that the tokenized securities market could expand to $5.5 trillion by 2030, with tokenized equities accounting for $2.6 trillion of that total.
Crypto.com joins a list of platforms that already offer tokenized stock products to investors outside the United States, including Kraken, Bybit, Bitget and online brokerage Robinhood. At the same time, the Depository Trust & Clearing Corporation, or DTCC, has started testing core infrastructure for tokenized securities, while Nasdaq and the New York Stock Exchange have also disclosed their own tokenization plans.
Different tokenization models carry different rights
Not all tokenized stock products are built the same way. Crypto.com’s new offering uses a synthetic or derivatives-based model that is meant to track stock-price performance without granting shareholder status. Another structure, described as an issuer-sponsored model, can put actual common shares onchain while preserving stock ownership and shareholder rights.
As tokenized securities move closer to the financial mainstream, the strengths, limitations and legal treatment of these two models are drawing more attention from regulators and financial market infrastructure operators. For exchanges, bringing traditional equity liquidity onchain is only part of the challenge. Ownership, investor rights, custody and regulation remain central issues in determining whether tokenization can scale more broadly.