There are so many exchanges doing tokenization of US stocks, and it seems that the only place to buy $SBET now is @MyStonks_Org.
(Not just talking for the sake of it, I'm genuinely happy to have bought $SBET, but also welcome @BTCBruce1 to send me some money.)
I was chatting with a friend yesterday, and we discussed that there are two routes for projects that can emerge:
1. Move upwards to the extreme, gathering top-tier resources to organize; #USA #Trump #Exchange
2. Penetrate downwards to the bottom, relying on strong community + user growth to break through.
In the realm of US stock tokenization, @xStocksFi is clearly the first type. Their partners include Backed Finance and Solana, as well as centralized exchanges like Kraken and Bybit; on-chain DeFi collaborations also include Raydium, Jupiter, Kamino, and the DEX incubated by Bybit — Byreal.
However, the product rhythm on the user side has been a bit slow; $SBET is almost at $40, and xStocks hasn't launched yet.
In contrast, @MyStonks_Org launched SBET on May 27 when it was only $32, and it later dropped to $10 at one point.
Those who played with memes last year should remember @BTCBruce1 bringing the mystonks CTO on board. (For a little historical story, see here)
Now mystonks has transformed from a meme into an exchange, shifting from narrative to product. They chose Fidelity as the custodian for the first batch of US stock assets, with all tokens 100% backed by real stocks. In fact, the early asset transparency was average, but it has clearly accelerated recently:
- They have obtained the MSB license from the US FinCEN.
- They plan to complete SEC STO filing in July and launch a Merkle Tree on-chain asset proof mechanism.
- They plan to apply for the EU MiCAR license in Q3-Q4.
A small issue is that the Solana recharge took 30 minutes to arrive yesterday, but customer service responded quickly, and the experience is still reassuring.
Buying US stocks on-chain:
Operations and customer service: @MyStonksCF @MyStonks_Sam
The boss himself: @BTCBruce1
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