MyStonks Launches On-Chain U.S. Stock Marketplace Backed by Fidelity

In a move that blurs the line between traditional finance and decentralized markets, MyStonks.org has officially launched what it calls the first fully custody-backed, on-chain U.S. stock token marketplace. The platform allows cryptocurrency users to buy tokenized versions of real U.S. equities directly using USDC or USDT, effectively turning stocks like Apple and Amazon into ERC-20 tokens on the Base blockchain.

What sets MyStonks apart from earlier synthetic or derivative-based approaches is its integration with Fidelity, one of the most established names in global asset management. Fidelity Custody holds the actual U.S. stock assets, totaling over $50 million as of April 29, 2025, on behalf of MyStonks Holding Limited. Each stock purchased is held in full and is reflected by a corresponding on-chain token.

For example, buying Apple stock results in the minting of AAPL.M tokens, created and burned via smart contracts based on Chainlink oracle pricing.

The platform’s operational loop connects users’ stablecoin transfers to real-world equity purchases. When a user initiates a buy order, MyStonks converts the stablecoins to fiat USD, purchases the corresponding stock via Fidelity, and tokenizes it 1:1 on-chain. Sell orders follow the reverse process, burning the stock tokens and returning stablecoins to the user’s wallet. This creates a fully auditable and transparent mechanism for trading real-world equities in a decentralized environment.

According to MyStonks, more than 95 tokenized U.S. equities are available on the platform at launch, including high-volume names such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, and NVDA. The company claims the platform delivers compliance, security, and auditability through Fidelity’s infrastructure and smart contract governance.

In terms of tech architecture, MyStonks has prioritized decentralization and safety. Core smart contracts are audited and modularly built to isolate risk. All off-chain fund movements require multisignature wallet authorization, while on-chain asset transfers rely on verified cross-chain protocols. Users are also protected by a Decentralized Identity System (DID), time locks for transactions, and HTTPS/HSTS encryption on the frontend.

The platform has also rolled out experience upgrades, including support for on-chain limit orders, enhanced wallet connectivity, and a more intuitive user dashboard. MyStonks aims to make the tokenized trading process seamless while maintaining a trustless infrastructure that is traceable and verifiable on-chain.

“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,” a MyStonks.org representative said.

MyStonks emerged from a Community Takeover initiative driven by the Stonks community, which itself was inspired by the GameStop ($GME) movement and the broader ethos of retail investor empowerment. With the backing of Fidelity and a decentralized infrastructure model, MyStonks positions itself as a serious contender in reshaping the future of tokenized equities and DeFi-enabled public market access.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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