Crypto.com Launches Tokenized Stock DerivativesCrypto.com has launched tokenized derivatives that track 1,500 U.S. stocks and exchange-traded funds (ETFs). The introduction of tokenized stock derivatives comes as the crypto exchange looks to tap traditional equity markets. Tokenized stock derivatives are blockchain-based contracts that track the price of traditional equities or ETFs without giving the investor legal ownership or shareholder rights. Tokenized stocks have reached about $2.49 billion U.S. in value, up 600% over the past year, according to data from RWA.xyz. U.S. bank Citigroup (NYSE: $C) has estimated that tokenized securities could become a $5.5 trillion U.S. market by 2030, including $2.6 trillion U.S. in tokenized stocks.