eToro, the trading and investing platform, has announced it will launch tokenized versions of popular U.S. stocks as ERC-20 tokens on the Ethereum blockchain.
The rollout will cover the 100 most traded U.S.-listed stocks and ETFs, allowing users to trade them as blockchain-based assets 24 hours a day, five days a week, the company said on Tuesday.
eToro also noted that users will eventually be able to move these tokenized stocks off the platform for self-custody or use in DeFi protocols.
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eToro’s decision to tokenize stocks comes as the broader trend of bringing real-world assets (RWAs) onto blockchain infrastructure continues to accelerate.
“We’ve been long-term believers in a tokenized future. Blockchain technology will facilitate the greatest ever transfer of wealth, as traditional assets are tokenized and moved onto the blockchain. Hurdles remain, namely vested interests, however, we are witnessing key milestones on that journey. New regulations, such as MiCA in Europe and the passing of the Genius Act in the US, make the tokenization of real world assets a new opportunity to create digital assets that are legally backed and regulated. The benefits of tokenization, in particular 24/7 transferability, have been clearly demonstrated by stable coins and these opportunities are now expanding to more asset classes.”
eToro Co-founder and CEO, Yoni Assia
Blockchain Race for Tokenized Stocks Heats Up as eToro, Robinhood, and Backed Finance Join In
On June 30, 2025, Robinhood launched its own layer-2 blockchain built on Arbitrum, aimed at tokenizing U.S. stocks. This new L2 solution allows European users to trade over 200 tokenized stocks and ETFs with zero commission, available 24 hours a day, five days a week.
Around the same time, Switzerland-based Backed Finance rolled out more than 60 tokenized stocks on platforms like ByBit, Kraken, and several Solana-based DeFi protocols. These include major names like Amazon, Tesla, Meta, and Netflix, along with crypto-related firms like Coinbase. However, the “xStocks” are currently restricted in the U.S. and other banned regions.
Despite growing interest, tokenized stocks still make up a small slice of the RWA market. According to RWA.xyz, tokenized equities currently account for around $418 million in total value, compared to over $21.3 billion across the entire RWA sector.
Still, many experts believe there’s strong growth potential. At the “TokenizeThis” conference in New York, STOKR CEO Arnab Naskar said the sector is hard to predict but “definitely a bigger trillion-dollar market” in the making.
