PRESS RELEASE – New York, United States, May 10th, 2025
MyStonks.org, a decentralized trading platform, has officially launched a fully custody-backed, on-chain U.S. stock token marketplace that aims to revolutionize the crypto industry. Cryptocurrency users can now seamlessly purchase U.S. stocks on MyStonks, with custodial services provided by the esteemed global asset management giant, Fidelity. The initial custody asset total amounts to $50 million.
The operational framework established by MyStonks effectively integrates U.S. stock assets under Fidelity Custody with the Base blockchain for the minting and burning of tokens. Users can begin purchasing Stonks100 stock tokens by transferring USDC or USDT from their self-custodied wallets. Once the transaction is confirmed, MyStonks will convert the stablecoins to USD for purchasing the respective stock shares, subsequently tokenizing them into ERC-20 tokens via smart contracts on the Base blockchain. For instance, acquiring Apple shares results in users receiving AAPL.M tokens, which are minted by MyStonks.org to represent the actual number of shares held.
Should users decide to redeem their stock tokens, they simply initiate a sell request for AAPL.M or any supported assets directly from their wallets. MyStonks will convert these tokens back into stablecoins while burning the equivalent tokens in a 1:1 ratio.
To reinforce asset security, MyStonks has secured a partnership with Fidelity, utilizing Fidelity Custody to safeguard users’ U.S. stock holdings. As of a custodial statement issued on April 29, 2025, Fidelity Custody manages over $50 million in U.S. equities on behalf of MyStonks Holding Limited, with an initial batch of 95 tokenized equities that includes prominent companies like AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, and NVDA—each mirrored on-chain with their respective tokens.
The development team at MyStonks emphasized that when users purchase stock tokens on the platform, the corresponding stocks are managed under Fidelity Custody. This collaboration ensures asset authenticity, compliance, and auditability, creating a seamless bridge between on-chain tokens and off-chain stock assets.
Fidelity’s trusted status in TradFi significantly enhances the security and compliance standards for MyStonks’s tokenized stock trading initiatives. Furthermore, the platform has upgraded its on-chain trading security and user experience, offering enhanced features such as on-chain limit orders, improved wallet connectivity, a streamlined user account dashboard, and optimized UI layouts.
All trading operations on MyStonks are governed by smart contracts to guarantee immutability and auditability. Additionally, a Decentralized Identity System (DID) safeguards account uniqueness, ensuring the prevention of fraudulent transactions. MyStonks.org assures that its core smart contracts have undergone rigorous security audits and utilize a modular design that isolates risk. Additionally, off-chain fund transfers necessitate multisignature (multisig) wallet authorization to mitigate risks associated with single points of failure, while cross-chain asset movements are executed through vetted protocols. Enhanced security measures include a time-lock mechanism for transaction confirmations and HTTPS/HSTS enforcement to ensure frontend data security.
In highlighting the significance of this launch, a MyStonks.org representative remarked, “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.”
About MyStonks.org
MyStonks.org is a decentralized crypto asset trading platform that emerged from a Community Takeover (CTO) effort by the Stonks community. As an industry-leading platform, it offers fully custody-backed, 1:1 tokenized U.S. equities on-chain. MyStonks is poised to become the decentralized “NASDAQ” of the crypto realm, fostering new token projects and reshaping the DeFi landscape for healthier market growth.
About the Stonks Community
The Stonks community draws inspiration from the GameStop ($GME) movement and exemplifies the ethos of crypto resistance.
For additional insights, refer to the whitepaper and the Fidelity Custody Report, available here.
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