Tokenized stocks
Tokenized stocks are digital tokens on the Ethereum blockchain backed by and redeemable for shares of the underlying stock. These tokens are highly divisible and transferable, enabling enhanced accessibility, liquidity, transparency, and efficiency in trading stocks. Tokenized stocks are ERC-20 standard ensuring compatibility with DeFi applications.
Tokenized Stocks
The tokenization process occurs when a user withdraws a position from its DCLEX account to its Ethereum wallet. Upon withdrawal, the specified number of shares is debited from the user's DCLEX account and the corresponding amount of tokens issued to its Ethereum wallet. Tokenized stock can always be deposited back on DCLEX and sold for USDC at the market price. While tokens are fractional, shares are not, so keep in mind that only whole share units can be withdrawn and deposited on the platform.
Tokenized stocks require both the sender and receiver of transfers to possess a valid Digital Identity (DID or SCID). This unique mechanism ensures compliance with security regulations at the smart contract layer.
List of stocks
DCLEX offers a selection of over 40 premium stocks:
1
Apple
AAPL
2
Adobe
ADBE
3
Autodesk
ADSK
4
Advanced Micro Devices
AMD
5
Amazon
AMZN
6
Broadcom
AVGO
7
The Boeing Company
BA
8
Bank of America
BAC
9
Coinbase Global
COIN
10
Costco Wholesale
COST
11
Dropbox
DBX
12
Electronic Arts
EA
13
Ford Motor Company
F
14
Godaddy
GDDY
15
GameStop
GME
16
Alphabet (Class C)
GOOG
17
Alphabet (Class A)
GOOGL
18
IBM Common Stock
IBM
19
Intercontinental Exchange
ICE
20
Intel Corporation
INTC
21
Johnson & Johnson
JNJ
22
J.-P. Morgan Chase & Co
JPM
23
Coca-Cola
KO
24
Mastercard
MA
25
MongoDB
MDB
26
Meta Platforms
META
27
Microsoft
MSFT
28
Micron Technology
MU
29
Nio
NIO
30
NVIDIA
NVDA
31
Oracle
ORCL
32
PepsiCo
PEP
33
Pfizer
PFE
34
Atlassian
TEAM
35
Tesla
TSLA
36
Unity Software
U
37
Uber Technologies
UBER
38
Visa
V
39
Walmart
WMT
40
Zoom Video Communications
ZM
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