TLDR
- Trust Wallet launches tokenized US stocks and ETFs through partnerships with Ondo Finance and 1inch on Ethereum
- 200 million users can now trade tokenized Tesla, Apple, and major ETFs with $1 minimum investment
- Service unavailable in US, UK, and EU regions due to regulatory restrictions
- Trading limited to US market hours with plans for Solana integration
- First self-custody wallet to offer cross-chain tokenized real-world asset trading
Trust Wallet has launched tokenized stock and ETF trading for its 200 million users worldwide. The crypto wallet, owned by former Binance CEO Changpeng Zhao, announced the real-world asset integration on Wednesday.
Users can now swap cryptocurrencies for tokenized versions of popular US stocks including Tesla and Apple. The platform also supports major exchange-traded funds through blockchain-based smart contracts.
The tokenized assets operate on Ethereum initially, with Solana support planned for future releases. Trust Wallet partnered with Ondo Finance to supply the tokenized assets and 1inch to provide trading infrastructure and liquidity.
Partnership Details and Technology
Ondo Finance creates the tokenized real-world assets using smart contracts that track underlying stock prices. The tokens represent digital certificates of ownership for traditional financial instruments.
1inch Fusion powers the trading rails and ensures efficient swaps between cryptocurrencies and tokenized stocks. The integration allows users to convert stablecoins like USDC directly into stock tokens.
Trust Wallet CEO Eowyn Chen stated the integration makes global finance more accessible. She described blockchain technology as democratizing financial market access for users worldwide.
The platform requires only a $1 minimum investment and eliminates traditional brokerage account requirements. Users maintain full custody of their tokenized assets through their private wallet keys.
Trading operates during standard US market hours from Monday through Friday, 1:30 PM to 8:00 PM UTC. Outside these hours, Trust Wallet tracks user interest for potential 24/7 trading features.
Geographic Restrictions and Market Access
The tokenized stock feature faces regional limitations across several jurisdictions. Users in the United States, United Kingdom, and European Economic Area cannot access the service.
Trust Wallet’s website warns that transactions will fail for users in restricted regions. The geographic limitations stem from varying regulatory frameworks around tokenized securities.
Nathan Allman, Ondo Finance founder, compared the launch to how stablecoins brought US dollars onchain. He described the service as exporting US securities through blockchain tokenization.
Trust Wallet marketing head Sami Waittinen emphasized the company’s provider-agnostic approach. The platform plans to integrate additional RWA providers and liquidity sources over time.
Self-Custody and Asset Ownership
The launch makes Trust Wallet the first self-custody wallet offering cross-chain tokenized real-world assets. Users retain control of their private keys while accessing traditional financial markets.
Industry experts highlight key differences between cryptocurrency and tokenized asset ownership. While crypto provides direct ownership through private keys, tokenized RWAs require trust in underlying asset custodians.
Trust Wallet positions the feature as part of its broader Web3 platform vision. The company plans additional services including staking, enhanced swap features, and onchain identity tools.
The integration allows global users to access Wall Street investments through their smartphones without traditional banking infrastructure. Trust Wallet continues expanding its self-custody offerings while maintaining user asset control.
