A new initiative aims to put more than 60 U.S. stocks onchain, including high-profile names like Nvidia and Tesla. The planned venue will operate around the clock, offering tokenized versions of these equities that can be traded against stablecoins, the report said.
Instead of a conventional order book, trades will be executed through blockchain-based liquidity pools. This structure mirrors the mechanics of decentralized finance (DeFi) protocols, where users swap assets directly from pooled reserves rather than matching buy and sell orders.
The move marks another step in the convergence of traditional finance and blockchain technology. Tokenized stocks have existed in various forms for years, but a venue offering this many major U.S. names in a single 24/7 onchain market represents a significant expansion of the concept.
The report did not name the specific company or consortium behind the venue, nor provide a launch date. It remains unclear which blockchain network will host the tokenized shares or how regulatory compliance, particularly with U.S. securities laws, will be handled.