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Trust Wallet Makes Tokenized U.S. Stocks Directly Accessible

Trust Wallet adds direct trading in tokenized U.S. stocks through BNB Chain. The move expands access, but the service is not available in the EU.

By Zenz van der Wielen
• 2 min read
Trust Wallet Makes Tokenized U.S. Stocks Directly Accessible

Key Takeaways

  • Trust Wallet now gives direct access to bStocks, tokenized U.S. stocks, through BNB Chain, without a traditional brokerage account.
  • Users can trade Tesla, NVIDIA, and Circle 24/7, with dividends and stock splits handled automatically.
  • The tokens are not available in the EU, U.S., or U.K., and the SEC says they fall under the same securities laws as traditional stocks.

Trust Wallet has added a new feature that lets users get direct access to tokenized U.S. stocks through BNB Chain. This can happen without a traditional brokerage account, which is an important step toward making stocks more accessible to a wider audience.

Direct Access to Tokenized Stocks

With the launch of bStocks, Trust Wallet users can now trade tokenized securities like Tesla (TSLAB), NVIDIA (NVDAB), Circle Internet Group (CRCLB), Micron Technology (MUB), and SanDisk Corporation (SNDKB) 24/7. These tokenized securities give users economic exposure to U.S.-listed stocks, including price moves, dividend payments, and stock splits, which are handled automatically without users having to do anything.

Users can buy and sell bStocks directly inside Trust Wallet with USDT, and use these tokens within the BNB Chain DeFi ecosystem. That makes it possible to borrow through platforms like Venus and Lista DAO, or trade on PancakeSwap and Aster, while still receiving dividends on the underlying securities. All of this happens without a KYC process, which fits Trust Wallet's self-custody setup.

Regulatory Context and User Impact

Although bStocks do not represent direct shares, but certificates that track certain financial instruments, they are subject to strict regulation. They are offered through an approved prospectus within ADGM and are not available in places including the United States, the United Kingdom, and the European Union. This highlights why users need to understand the legal rules in their own jurisdiction before trading tokenized securities.

The U.S. Securities and Exchange Commission (SEC) has said that tokenized securities fall under the same federal securities laws as traditional stocks, no matter what technology is used. That means the legal status of these tokens is the same as conventional securities, which may give confidence to investors looking to access this new market through Trust Wallet.

Relevance for European Crypto Investors

For European users, the launch of bStocks on Trust Wallet may be a sign of how traditional financial products are increasingly becoming available through blockchain technology, even though these specific tokenized securities are not currently available in the EU. It shows that self-custody and direct access to tokenized securities are on the rise, which could help drive future changes in the European crypto market and regulation. European investors would do well to keep an eye on these developments, since they may point to broader trends in how traditional and digital markets are coming together.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.