MyStonks Launches Industry-Leading On-Chain U.S. | Crypto Work Pro
NEW YORK, May 10, 2025 /PRNewswire/ — MyStonks.org, a decentralized trading platform, introduced the official launch of a totally custody-backed, on-chain U.S. stock token market within the crypto industry. Cryptocurrency customers can buy U.S. shares on MyStonks. Global asset management giant Fidelity gives custodial providers for platform customers, with an initial custody asset complete of $50 million.
MyStonks has efficiently established a full operational cycle that hyperlinks U.S. stock belongings underneath Fidelity Custody to the Base blockchain for token minting and burning. Users can provoke purchases of Stonks100 stock tokens on MyStonks by transferring USDC or USDT from their self-custodied crypto wallets. Upon affirmation, MyStonks converts these stablecoins into USD and purchases the corresponding stock shares. These are then tokenized 1:1 into ERC-20 tokens through Base sensible contracts. For instance, when shopping for Apple shares, customers obtain AAPL.M tokens minted by MyStonks.org, representing the precise quantity of shares held. Token pricing makes use of Chainlink oracles.
If customers want to redeem their stock tokens, they’ll provoke a sell request for AAPL.M or different supported belongings instantly from their wallets. MyStonks will then convert the tokens back into stablecoins and burn the equal tokens in a 1:1 ratio.
To make sure the security of person belongings, MyStonks has partnered with Fidelity, which gives custody providers (Fidelity Custody) for platform customers’ U.S. stock holdings.
According to a custodial assertion dated April 29, 2025, Fidelity Custody holds over $50 million in U.S. equities ($50,473,199.00) on behalf of MyStonks Holding Limited. The initial batch of 95 tokenized equities contains main names corresponding to AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, and NVDA, every of which is mirrored on-chain by its respective token.
A consultant from MyStonks defined that when customers buy U.S. stock tokens on the platform, the corresponding shares are managed by Fidelity Custody, making certain the authenticity, compliance, and auditability of belongings. Through integration with Fidelity Custody’s infrastructure, MyStonks has achieved a seamless connection between on-chain tokens and off-chain stock belongings.
As a trusted establishment in TradFi, Fidelity performs a key position in safeguarding asset security and compliance, making it an important companion for MyStonks within the tokenization of stock trading.
Additionally, MyStonks has upgraded its on-chain trading security and person expertise. When customers provoke buy or sell orders, the platform executes the corresponding operations on the blockchain, together with cross-chain asset management, actual stock transactions, and the minting or burning of tokens. The whole course of is clear, traceable, and decentralized, enabling customers to buy U.S. shares in a totally digital and tokenized method.
All trading operations are ruled by sensible contracts to make sure immutability and auditability. A Decentralized Identity System (DID) safeguards account uniqueness and prevents fraudulent transactions. Core sensible contracts have undergone security audits and are modularly designed to isolate risk. According to MyStonks.org, off-chain fund transfers require multisignature (multisig) wallet authorization to keep away from single factors of failure. Cross-chain asset actions are executed by audited protocols. Additional protections embody a time-lock mechanism for transaction affirmation and HTTPS/HSTS enforcement for frontend encryption.
New person expertise upgrades embody assist for on-chain restrict orders, improved wallet connectivity, a refined person account dashboard, and optimized UI layouts.
“The launch of the Stonks100 tokenized U.S. stock marketplace marks an important milestone in our ongoing journey of innovation. As we continue to expand access to tokenized equities, our focus remains on offering secure, professional, and transparent trading infrastructure. We believe MyStonks users and our global community will grow alongside us as we push the boundaries of decentralized finance,” a MyStonks.org consultant stated.
About MyStonks.org
MyStonks.org is a decentralized crypto asset trading platform born out of a Community Takeover (CTO) effort by the Stonks neighborhood. It is an industry-leading platform to offer totally custody-backed, 1:1 tokenized U.S. equities on-chain. MyStonks goals to turn out to be the decentralized “NASDAQ” of the crypto world—supporting new token initiatives and reshaping the DeFi panorama for more healthy market growth.
About the Stonks Community
The Stonks neighborhood attracts inspiration from the GameStop ($GME) motion and the ethos of crypto resistance. The rallying cry: FIGHT! HODL!
Whitepaper: https://principal.mystonks.org/laptop/whitepaper.html
Fidelity Custody Report:
https://principal.mystonks.org/static/pdfjs/web/viewer.html?file=/static/Proof.pdf
Media Contact:
Email: mystonksmedia@mystonks.org
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SOURCE MyStonk.org
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