Trust Wallet Integrates Tokenized Stocks & ETFs for 200M+ Users Worldwide

Trust Wallet, a self-custody Web3 wallet with over 200 million users, has launched tokenized real-world assets (RWAs) for users worldwide. Users can now access tokenized versions of U.S. stocks and ETFs directly within the wallet, no bank account or intermediary required. This move aims to democratize access to financial markets and lay the foundation for a more inclusive future of finance.

Trust Wallet, a prominent self-custody Web3 wallet with over 200 million users, has introduced a groundbreaking feature that allows users worldwide to access tokenized real-world assets (RWAs). This includes digital versions of U.S. stocks and exchange-traded funds (ETFs), all within the wallet itself, without the need for a bank account or intermediary [1].

The new feature, enabled through a collaboration with Ondo Finance and 1inch, allows users to interact with tokenized real-world assets directly within the wallet. This is a significant step towards making financial markets more accessible and inclusive [1].

Ondo Finance, a platform focused on tokenizing traditional financial products, and 1inch, a tool that optimizes trading routes on decentralized exchanges, have been instrumental in this integration. Ondo Finance will handle the creation of digital versions of stocks, ETFs, and bonds, while 1inch Fusion will improve pricing and liquidity for seamless swaps into RWAs [1].

These tokens are launched on the Ethereum and Solana networks, leveraging smart contracts to represent ownership. Users in select countries, such as the US, UK, and European Economic Area (EEA), are currently unable to complete swaps involving these assets [1].

Trust Wallet CEO Eowyn Chen expressed that the launch aims to expand access to financial services, highlighting blockchain's potential to create a more accessible financial system [1]. Coinbase, another major player in the crypto space, recently announced plans to launch a new futures product, "Mag7 + Crypto Equity Index Futures," which could further enhance the accessibility of financial markets [2].

Ondo Finance has also been active in expanding tokenized U.S. stocks and ETFs to global investors. The Ondo Global Markets platform allows investors outside the U.S. to access over 100 U.S. stocks and ETFs on Ethereum, with plans to add over 1,000 assets by year-end [2]. The platform supports major wallets, custodians, and exchanges, making it a significant gateway for U.S. market exposure.

Trust Wallet's integration of RWAs is a significant milestone in bridging the gap between crypto and traditional finance. The ability to access tokenized real-world assets directly within a self-custody wallet marks a new chapter in financial democratization [1].

References:
[1] https://www.bitdegree.org/crypto/news/trust-wallet-offers-tokenized-stocks-and-etfs-on-chain
[2] https://coinpedia.org/news/ondo-brings-100-tokenized-u-s-stocks-and-etfs-to-global-investors/