Tokenized stocks in THORWallet

What tokenized stocks are, who issues them, when they trade, who can buy them, what they cost and what you actually hold in your wallet.

Updated 3 min read
Short answer

Tokenized stocks in THORWallet are tokens issued by Ondo Global Markets that track the price of US shares and ETFs. They trade 24 hours a day, five days a week, and sit in your own wallet. They are not available to US persons or in every country, and an eligibility check runs before your first purchase.

On this page

A tokenized stock is a token that tracks the price of a US-listed share or ETF. In THORWallet these tokens are issued by Ondo Global Markets. You buy them with stablecoins and hold them in your own wallet next to your crypto.

Note

Tokenized stocks are not available to US persons or in every country. An eligibility check applies. Nothing here is investment advice.

What you hold

  • A token on Ethereum or BNB Chain, issued by Ondo Global Markets.
  • The token tracks the price of the underlying share or ETF. It does not make you a registered shareholder. Read the issuer's terms before you buy.
  • The token sits at your own wallet address. THORWallet does not hold it, and you do not open an account with THORWallet to trade.

Trading hours

Tokenized stocks trade 24 hours a day, five days a week (24/5). Trading is paused on weekends.

The app shows the state of the market, for example Market open, Market closed or Trading paused, and names the session:

SessionWhat to expect
IntradayRegular market hours. Highest liquidity.
Pre marketBefore the market opens. Lower volume, and overnight news can move prices.
After hoursAfter the market closes. Liquidity is often limited.
OvernightOff-market hours. Liquidity is usually lower and volatility risk is higher.

Outside regular hours, spreads can be wider and a stock may not be tradable in the current session. The app then shows no quote and asks you to try again when the market opens.

Who can use it

  • Tokenized stocks are not offered to US persons.
  • In some countries they are not available at all. The app then shows Not available in your country.
  • In some countries you first have to answer eligibility questions.
  • If THORWallet cannot complete the region check, purchases stay locked until it succeeds.
  • In the mobile app, stocks need a seed wallet. They are not available for a vault.

You can still sell stock tokens you already hold.

Fees and dividends

  • THORWallet fee. Buying or selling a stock token is a swap, so the THORWallet swap fee applies. See Fees.
  • Network fee. You pay the network fee of Ethereum or BNB Chain where it applies.

The review screen shows the amounts before you sign.

Dividends

The app states that dividends are reinvested into the token, so the token price tracks the total return rather than paying out. Where the data is available, the Dividend section of a stock shows the yield, the payout frequency and the last payment.

Where to find it

  • Mobile app: tap Trade and choose Stocks.
  • Web app and THORWallet Terminal: open app.thorwallet.org/stocks.
The list of tokenized stocks, with price, 24h change and holding.

For the steps, see How to buy and sell tokenized stocks.

Risks

  • The price of a stock token can fall, like the share it tracks.
  • The token depends on its issuer. If the issuer fails or changes its terms, the token can lose value.
  • If a token has poor liquidity, an order may not be executed even if its conditions are met.

Common questions

Is a tokenized stock the same as owning the share?

No. The token is issued by a third party, Ondo Global Markets, and tracks the price of the underlying share or ETF. It does not make you a registered shareholder.

When can I trade tokenized stocks?

24 hours a day, five days a week. Trading is paused on weekends.

Who can buy tokenized stocks?

They are not offered to US persons and are restricted in some other countries. The app tells you if they are available where you live and may ask eligibility questions.

Do I receive dividends?

The app states that dividends are reinvested into the token, so the token price tracks the total return rather than paying out.

What does a trade cost?

Buying or selling a stock token is a swap, so the THORWallet swap fee applies. The review screen shows what you pay and what you receive before you sign.

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