MyStonks Launches On-Chain U.S. Stock Marketplace Backed by Fidelity

1️⃣ MyStonks users can now trade tokenized U.S. equities like AAPL and GOOGL as ERC-20 tokens via Base blockchain.

2️⃣ $50M in actual U.S. stocks are held by Fidelity Custody to support 1:1 token issuance.

3️⃣ Every buy/sell is governed by smart contracts, ensuring traceability, auditability, and no single point of failure.

4️⃣ Stocks are tokenized upon purchase and burned upon redemption, tied directly to off-chain shares.

5️⃣ Features include limit orders, improved wallet support, and a DID system to prevent fraud.

Read: https://cryptoindiamagazine.com/mystonks-launches-on-chain-u-s-stock-marketplace-backed-by-fidelity/