True Markets opens on-chain orderbook for tokenized Nvidia stock
True Markets launched a DeFi orderbook for tokenized equities, opening with an NVDAc/USDC market available to beta clients via API and FIX.
Why it matters
The launch puts True Markets alongside exchanges and brokers building round-the-clock venues for tokenized US equities. Nothing beyond the single reported account confirms the orderbook's execution quality or how beta clients fare with it.
Key facts
True Markets launched an on-chain orderbook for tokenized equities.
Reported by Finance Magnates Crypto
The first market is NVDAc/USDC, a tokenized Nvidia share traded against USDC, available to beta clients through the company's APIs and FIX gateway.
Reported by Finance Magnates Crypto
True Markets says continuous trading can move tokenized securities away from their underlying assets, a condition the company calls unanchored pricing.
Reported by Finance Magnates Crypto
Gupta said buyers of tokenized Nvidia should get Nvidia prices.
Reported by Finance Magnates Crypto
The orderbook offers price protection, limit orders, best execution reporting and price improvement.
Reported by Finance Magnates Crypto
NYSE has been developing a tokenized securities venue with 24-hour trading.
Reported by Finance Magnates Crypto
Alpaca launched infrastructure for 24/7 tokenized US stocks, built to keep the tokens aligned with their underlying assets.
Reported by Finance Magnates Crypto
What happened
Finance Magnates reported that True Markets has launched an on-chain orderbook for tokenized equities, with the first market pairing a tokenized Nvidia share against USDC. The NVDAc/USDC book is open to beta clients through the company's APIs and FIX gateway, and the company says the orderbook adds limit orders, price protection, best execution reporting and price improvement. True Markets argues that continuous trading can pull tokenized securities away from their underlying assets, which CEO and co-founder Vishal Gupta calls unanchored pricing. He said market orders of a few hundred dollars can slip more than 100 basis points on some AMM pools, and that a buyer of tokenized Nvidia should get Nvidia prices. The launch lands as tokenized stocks build a separate round-the-clock market: Finance Magnates reported in January on that parallel market, while NYSE has been developing a tokenized securities venue with 24-hour trading and Alpaca has launched infrastructure aimed at keeping tokens aligned with their underlyings. Only Finance Magnates covers the True Markets launch, so its stated capabilities and design goals are the company's own account as relayed by that outlet.
How the story developed
- First report
First report by Finance Magnates Crypto
True Markets Launches Tokenized Equity Trading, Starting with Nvidia
- Update
Finance Magnates reported tokenized stocks forming a parallel equity market
The outlet's January reporting framed tokenized equities as a separate market running alongside traditional venues.
- Official statement
CEO Vishal Gupta set out the case against AMM execution
He said tokenized Nvidia should track Nvidia prices and cited slippage above 100 basis points on small market orders.
- Update
True Markets launched on-chain orderbook with NVDAc/USDC market
Beta clients get access through the company's APIs and FIX gateway.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Finance Magnates Crypto Mainstream media | True Markets Launches Tokenized Equity Trading, Starting with Nvidia | Original |
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