Crypto.com launches tokenised derivatives tracking 1,500 US stocks and ETFs

Crypto.com has begun offering tokenised derivatives that track the price movements of 1,500 US equities and exchange-traded funds, including Apple, Nvidia, Tesla, SPDR Gold Shares and iShares Silver Trust. Eligible users in the European Economic Area and other approved markets can access positions from as little as $1, with around-the-clock trading. The products are issued by Foris Capital CY Limited, a subsidiary acquired by Crypto.com in May 2025 that brought with it a Markets in Financial Instruments Directive (MiFID) licence for regulated European financial products. Underlying assets are held with US broker-dealer Alpaca.

The instruments are synthetic in structure: they track share-price performance but confer no legal or beneficial ownership of the underlying securities, no voting rights, and no standard shareholder entitlements. Holders may receive dividend-equivalent adjustments. That distinction matters increasingly as the market debates what a tokenised stock should actually be. Issuer-sponsored models can place real common shares onchain and preserve ownership rights; synthetic or derivative structures, like Crypto.com’s, do not.

The launch arrives in a segment that has expanded rapidly. Tokenised stocks have reached approximately $2.49 billion in total value, a roughly 600% increase over the past year according to RWA.xyz, while Citi has estimated the broader tokenised-securities market could reach $5.5 trillion by 2030, including $2.6 trillion in tokenised equities. Crypto.com joins Kraken, Bybit, Bitget and Robinhood in offering tokenised equity products to non-US investors, and sits alongside broader infrastructure moves from the Depository Trust and Clearing Corporation (DTCC), Nasdaq and the New York Stock Exchange. Regulatory scrutiny of third-party token structures is intensifying alongside that growth, which raises questions about how synthetic equity products will be treated as tokenised securities move closer to mainstream finance.