Gemini Offers Tokenized Saylor Strategy Stock to EU Users

Crypto Exchange Gemini has launched a tokenized version of Michael Saylor shares (MST) for users in the European Union, allowing them to invest in the purchase of onchain bitcoins.

“Traditional financial rails are difficult access and need modernization,” Gemini said in a statement on Friday.

Tokenized supplies and ETF come to the platform soon

“Tokenized shares solve this problem by providing investors with greater access with less restrictions,” he added.

Traditional stock markets come with several restrictions, including limited trade hours linked to market time zones, higher fees for international investors and limited access to investors in some regions.

Gemini said: “Onchain of stock trading solves these problems by offering an experience in one place without friction.”

Gemini said investors can hold crypto and onchain shares without having to sell on one platform to use the other for trading.

Gemini worked with the American provider of public securities Dinari to provide the service. “Thanks to the use of the Dinari tokenization model on request, we can offer customers greater liquidity, transparency and the same economic rights as accompanying security, if allowed,” he said.

While MST is the only tokenized shares currently available at Gemini, the stock exchange said that more tokenized shares and ETFs will be launched “on the coming days”.

Strategy shares (Mstr) have increased by 3.84% over the last 30 days and traded for $ 383.88, according to to finance Google data.

On Wednesday, financial analyst Jeff Walton said the strategy has a high chance of qualifying for the S&P 500 if it is bitcoin (BTC) Does not drop below $ 95,240 before the end of the second quarter.

Interest growing for tokenized shares in Europe

This comes in the middle of the growing interest from other cryptomic platforms in launching US stocks on the European market. Tokenized shares are not currently available for trading in the US.

8 May. There were reports that mediation FINTECH ROBINHOood is reportedly evolving Blockchain network allowing European retail investors to trade US securities.

Related: Coinbase is looking for SEC approval for “tokenized shares” – message

Just a few weeks later, 23 May, Crypto Exchange Kraken said she plans to offer customers outside the US Possibility of trading in US tokenized sharesWithin the pressure of the company to offer traditional assets through tokenization.

Meanwhile, Crypto Exchange Coinbase is trying to get green light in the US. On Tuesday, Cainbase, Paul Grewal, Chief Legal Director of Coinbase, Paul Grewal, allegedly said the company was Search for approval of the Securities and Exchange Commission (SEC) for offering tokenized shares.

Crypto managers hope that tokenized shares will increase. Arnab Naskar, the CEO of the hundred, recently said It is difficult to project but is “Definitely a market for a bigger trillion dollars.”

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