Crypto.com launches tokenised stocks offering across EEA through Cyprus-regulated firm

Nicosia, Cyprus. Crypto.com has launched its Tokenised Stocks product across the European Economic Area through Cyprus-regulated Foris Capital CY Limited, offering eligible users price exposure to 1,500 US stocks and exchange-traded funds from US$1.

The product is available through the Crypto.com App and provides round-the-clock access, fractional investing and fast settlement, subject to platform availability and market conditions.

Cyprus regulation

Foris Capital CY Limited, formerly A.N. Allnew Investments Limited, is regulated by the Cyprus Securities and Exchange Commission and holds Cypriot Investment Firm licence number 344/17.

The licence was granted under the Investment Services and Activities and Regulated Markets Law 87(I)/2017, as amended, which implements the European Union’s Markets in Financial Instruments Directive II, known as MiFID II, in Cyprus.

The licence allows the company to conduct the investment and ancillary services and activities specified in it. Foris Capital CY Limited has also passported these services and activities to other EEA jurisdictions on a freedom-of-services basis.

Product availability

The Tokenised Stocks product gives eligible users in Cyprus, the wider EEA and other approved jurisdictions globally access to tokenised instruments tracking US equities and ETFs.

Crypto.com said the launch was its largest tokenised stocks offering to date. The product offers trading outside traditional market hours, with 24/7 access subject to platform availability and market conditions.

Available instruments include those referencing companies such as Nvidia, Tesla and Apple, represented by the tickers NVDA, TSLA and AAPL. Users can also gain exposure to commodities through ETFs including GLD and SLV.

Trading features

Tokenised Stocks offers fractional access from US$1 and fast settlement. Crypto.com said its liquidity and trade-execution capabilities combine the speed and accessibility of the Crypto.com App with exposure to traditional equities investing in a tokenised format.