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EX IO and Anchored have reached a partnership to launch a 1:1 pegged US stock tokenization product
ME News Report, April 18 (UTC+8), Hong Kong-licensed virtual asset trading platform EX IO has reached a strategic distribution partnership with fintech and tokenization platform Anchored, planning to launch a tokenized product pegged 1:1 to the real US stock market. Anchored will be responsible for asset issuance, custody, and on-chain settlement, with each token fully backed by US stocks held by FINRA-registered brokers. The initial products will cover the “Big Seven” US stocks such as Apple and Nvidia, as well as some blue-chip stocks, supporting 24/5 trading and fractional shares, and will connect to liquidity from Nasdaq and NYSE. (Source: MLion)