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Trust Wallet Offers Tokenized Stocks and ETFs On-Chain
Key Takeaways
- Trust Wallet now supports tokenized US stocks and ETFs for users in approved regions;
- The rollout uses Ondo Finance for asset tokenization and 1inch to help optimize trades;
- Access is limited by location and time, with trading allowed only during US market hours.
Trust Wallet, a self-managed crypto wallet, has launched support for digital versions of US stocks and exchange-traded funds (ETFs).
The new feature enables users in select countries to interact with tokenized real-world assets (RWAs) directly within the wallet.
The rollout makes Trust Wallet one of the early providers offering tokenized traditional assets within a self-custody crypto wallet.
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The integration is made possible through a collaboration with Ondo Finance, a platform focused on tokenizing traditional financial products, and 1inch, a tool that finds optimal trading routes on decentralized exchanges.
Ondo Finance will handle the creation of digital versions of stocks, ETFs, and bonds. Meanwhile, 1inch Fusion helps improve pricing and liquidity to make swaps into RWAs more seamless.
These tokens are launched on Ethereum
According to Trust Wallet’s website, users located in the US, UK, and European Economic Area (EEA) will not be able to complete swaps involving these assets.
The platform also imposes trading hours aligned with US stock markets, from Monday to Friday, 1:30 PM to 8:00 PM UTC.
Trust Wallet CEO Eowyn Chen stated that the launch aims to expand access to financial services. She emphasized that blockchain could create a more accessible financial system and sees this feature as one step toward that goal.
Meanwhile, Coinbase