NEW YORK, Could 10, 2025 /PRNewswire/ — MyStonks.org, a decentralized buying and selling platform, introduced the official launch of a totally custody-backed, on-chain U.S. inventory token market within the crypto {industry}. Cryptocurrency customers should buy U.S. shares on MyStonks. World asset administration large Constancy gives custodial providers for platform customers, with an preliminary custody asset complete of $50 million.
MyStonks has efficiently established an entire operational cycle that hyperlinks U.S. inventory property below Constancy Custody to the Base blockchain for token minting and burning. Customers can provoke purchases of Stonks100 inventory 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 inventory shares. These are then tokenized 1:1 into ERC-20 tokens through Base good contracts. For instance, when shopping for Apple shares, customers obtain AAPL.M tokens minted by MyStonks.org, representing the precise variety of shares held. Token pricing makes use of Chainlink oracles.
If customers want to redeem their inventory tokens, they’ll provoke a promote request for AAPL.M or different supported property instantly from their wallets. MyStonks will then convert the tokens again into stablecoins and burn the equal tokens in a 1:1 ratio.
To make sure the safety of person property, MyStonks has partnered with Constancy, which gives custody providers (Constancy Custody) for platform customers’ U.S. inventory holdings.
In response to a custodial assertion dated April 29, 2025, Constancy Custody holds over $50 million in U.S. equities ($50,473,199.00) on behalf of MyStonks Holding Restricted. The preliminary batch of 95 tokenized equities contains main names equivalent 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. inventory tokens on the platform, the corresponding shares are managed by Constancy Custody, making certain the authenticity, compliance, and auditability of property. By integration with Constancy Custody’s infrastructure, MyStonks has achieved a seamless connection between on-chain tokens and off-chain inventory property.
As a trusted establishment in TradFi, Constancy performs a key function in safeguarding asset safety and compliance, making it an necessary associate for MyStonks within the tokenization of inventory buying and selling.
Moreover, MyStonks has upgraded its on-chain buying and selling safety and person expertise. When customers provoke purchase or promote orders, the platform executes the corresponding operations on the blockchain, together with cross-chain asset administration, actual inventory transactions, and the minting or burning of tokens. All the course of is clear, traceable, and decentralized, enabling customers to buy U.S. shares in a totally digital and tokenized method.
All buying and selling operations are ruled by good contracts to make sure immutability and auditability. A Decentralized Identification System (DID) safeguards account uniqueness and prevents fraudulent transactions. Core good contracts have undergone safety audits and are modularly designed to isolate threat. In response to MyStonks.org, off-chain fund transfers require multisignature (multisig) pockets authorization to keep away from single factors of failure. Cross-chain asset actions are executed by means of audited protocols. Extra protections embrace a time-lock mechanism for transaction affirmation and HTTPS/HSTS enforcement for frontend encryption.
New person expertise upgrades embrace help for on-chain restrict orders, improved pockets connectivity, a refined person account dashboard, and optimized UI layouts.
“The launch of the Stonks100 tokenized U.S. inventory market marks an necessary milestone in our ongoing journey of innovation. As we proceed to develop entry to tokenized equities, our focus stays on providing safe, skilled, and clear buying and selling infrastructure. We consider MyStonks customers and our international neighborhood will develop alongside us as we push the boundaries of decentralized finance,” a MyStonks.org consultant mentioned.
About MyStonks.org
MyStonks.org is a decentralized crypto asset buying and selling platform born out of a Neighborhood Takeover (CTO) effort by the Stonks neighborhood. It’s an industry-leading platform to supply totally custody-backed, 1:1 tokenized U.S. equities on-chain. MyStonks goals to turn into the decentralized “NASDAQ” of the crypto world—supporting new token initiatives and reshaping the DeFi panorama for more healthy market development.
In regards to the Stonks Neighborhood
The Stonks neighborhood attracts inspiration from the GameStop ($GME) motion and the ethos of crypto resistance. The rallying cry: FIGHT! HODL!
Whitepaper: https://primary.mystonks.org/laptop/whitepaper.html
Constancy Custody Report:
https://primary.mystonks.org/static/pdfjs/internet/viewer.html?file=/static/Proof.pdf
Media Contact:
Electronic mail: mystonksmedia@mystonks.org
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SOURCE MyStonk.org
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