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Crypto Exchange Gemini has introduced a tokenized version of Michael Saylor’s strategy (MSTR) to the European Union investors, which has indicated a new way for user crypto to get bitcoin exposure.
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The opening was announced on Friday, while Gemini praised tokenized shares as a solution to the limitation of traditional stock markets.
“Traditional financial rails are difficult access and need modernization,” Gemini said in his statement.
“Tokenized shares solve this problem by providing investors with a greater approach with a fewer restrictions,” she added, emphasizing benefits such as trading with 24/7 and reduced fees for international investors.
The platform stated that its onchain trading system allows users to keep crypto and stocks without switching between different platforms.
Gemini is working with the US Securities Provider Dinari to power the tokenization model.
The stock exchange said that the service offers investors the same economic rights as the basic shares where they are allowed, along with greater liquidity and transparency.
While the MSTR is the first tokenized supply available on Gemini, the company plans to add additional tokenized shares and ETF in the coming days.
Strategy shares, a company known to accumulate more than 200,000 BTC in its balance sheet, have climbed by 3.84% over the last month and, according to Google Finance, traded for $ 383.88.
Gemini’s movement comes when other crypto platforms are competing to bring European investors tokenized US stocks.
In early May there were reports that Robinhood is Blockchain network development To enable European retail trading in US shares.
Kraken announced plans Soon after to offer tokenized US stocks to customers outside the US.
Meanwhile, Coinbase examines similar services in the US, while the Chief Legal Director Paul Grewal confirms that the stock exchange is looking for SEC approval to offer tokenized shares.
Industry data, such as the CEO of the ARNAB SUŠKAR, sees the potential of the sector as a “larger trillion market”, underlining the growing enthusiasm for crippo and traditional finance through tokenization.
The financial analyst Jeff Walton noted this week that Mst has a high chance of qualifying For S&P 500 if Bitcoin remains above $ 95,240 at the end of Q2.
The strategy has published losses in the last three quarters and, thanks to its massive bitcoin possession, currently 592,345 BTC, its income for Q2 strongly depends on the real value of crypto assets.
The strategy adopted new accounting standards (ASU 2023-08) at the beginning of 2024, allowing unrealized profits and losses from his bitcoin stash to show in pure income.
This change significantly affects its financial statements and the eligibility of S&P 500.
Walton also in May The strategy can rise one day become the highest publicly traded company in the world.
Contribution Gemini tokenizes strategic shares of Saylor – New Gate for Bitcoins Investors? He appeared for the first time Cryptonews.