Financial service company eToro says it plans to launch tokenized US stocks on the Ethereum blockchain, according to a Tuesday announcement. The trading giant hosted a global webinar “eToro Unlocked: Trade Without Boundaries,” to discuss how the company is evolving its product offering as it moves towards a tokenized future. The decision is a win not just for eToro, but for Ethereum users who have found a home on its blockchain.

eToro will be expanding its current 24/5 trading offering to include an initial list of 100 of the most popular US-listed stocks and ETFs via the Ethereum blockchain. The tokenized assets will be available to trade 24/5 as the underlying asset. “We want to offer our global user base the flexibility to trade on their time frame. 24/5 trading, whether through US equities or spot-quoted futures, empowers users to trade in real-time in response to market events or simply when it’s convenient to them. We will continue to expand this offering to put our users in control of when they trade,” said eToro CEO Yoni Assia.

“Our mission has always been to open the global markets,” Assia added. “Extended hours trading was the first step, 24/5 takes it a step further; however, tokenization brings 24/7 accessibility. Tokenization removes boundaries, providing transparency and control. It has the potential to democratize finance, making assets more accessible to more people.”

Also Read: ETH Nears $4,000 as $1.8B ETF Inflows Trap $1B in Shorts

The tokenized stock feature is expected to be available sometime in August. Developers from the Ethereum network have yet to comment on the new development. However, they’ll likely address the partnership in a Q/A scheduled for Wednesday, July 30. Ethereum’s native cryptocurrency, Ether (ETH), is down 1.3% in the last 24 hours amid the eToro update.

Financial service company eToro says it plans to launch tokenized US stocks on the Ethereum blockchain, according to a Tuesday announcement. The trading giant hosted a global webinar “eToro Unlocked: Trade Without Boundaries,” to discuss how the company is evolving its product offering as it moves towards a tokenized future. The decision is a win not just for eToro, but for Ethereum users who have found a home on its blockchain.

eToro will be expanding its current 24/5 trading offering to include an initial list of 100 of the most popular US-listed stocks and ETFs via the Ethereum blockchain. The tokenized assets will be available to trade 24/5 as the underlying asset. “We want to offer our global user base the flexibility to trade on their time frame. 24/5 trading, whether through US equities or spot-quoted futures, empowers users to trade in real-time in response to market events or simply when it’s convenient to them. We will continue to expand this offering to put our users in control of when they trade,” said eToro CEO Yoni Assia.

“Our mission has always been to open the global markets,” Assia added. “Extended hours trading was the first step, 24/5 takes it a step further; however, tokenization brings 24/7 accessibility. Tokenization removes boundaries, providing transparency and control. It has the potential to democratize finance, making assets more accessible to more people.”

Also Read: ETH Nears $4,000 as $1.8B ETF Inflows Trap $1B in Shorts

The tokenized stock feature is expected to be available sometime in August. Developers from the Ethereum network have yet to comment on the new development. However, they’ll likely address the partnership in a Q/A scheduled for Wednesday, July 30. Ethereum’s native cryptocurrency, Ether (ETH), is down 1.3% in the last 24 hours amid the eToro update.