Gemini launches tokenized stocks for EU traders, beginning with onchain representation of MSTR on Arbitrum

Crypto exchange Gemini is moving into the tokenized stock space and enabling its EU-based customers' investment access to onchain equities.The firm is starting out with tokenized shares of Strategy’s (former MicroStrategy) MSTR and plans to roll out additional stocks and ETFs in the coming days, according to an announcement on Friday. These onchain representations of MSTR will initially trade on Arbitrum, the Ethereum Layer 2, though Gemini expects to expand to additional networks, according to the announcement."Combining the best assets in the world with the 24/7/365 form factor of crypto is how we reimagine and rebuild the financial system,” Gemini wrote. “Our goal is to export U.S. equities across the globe and connect the greatest companies on planet earth to the people of planet earth."Gemini is leveraging Dinari's tokenization-on-demand service for the new product offering, which will also enable fractional stock ownership and “frictionless” trading. Dinari announced on Thursday that it is the first to secure U.S. approval to offer blockchain-based financial instruments, The Block previously reported.Tokenizing stocks involves companies creating digital tokens that track the price of certain publicly listed companies. Coinbase and Kraken are also pursuing such approval. So far, tokenized stocks have only been offered to non-U.S. users.Dinari's so-called dShares will be backed 1:1 by corresponding U.S. equities and could offer the same economic rights as the underlying security, where permitted, according to the announcement. The tokens will be held with a regulated custodian.Gemini is authorized and regulated by the Malta Financial Services Authority.MSTR is currently trading at $383.88, about flat on the day.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.