Trust Wallet, one of the world’s leading independent Web3 wallets with over 200 million users, today announced the launch of its tokenized real world assets (RWAS).
Users can now discover, retain and exchange tokenized RWA* that tracks the prices of major stocks and major US ETFs. These tokens are enabled by third-party providers via smart contracts and are designed to reflect the price of the underlying asset.
With this launch, anyone with a smartphone can be exposed directly to iconic inventory and ETFs that a bank account, intermediary, or intermediary don’t need. A key step into a more comprehensive financial future: Access to global markets is a fundamental right, not a privilege.
“Integrating RWA into an independent wallet is a critical step to making global finance more open and efficient. The big picture is how blockchain democratizes access to financial markets and lays the foundation for a more comprehensive financial future.”
Trust Wallet brings RWA into a freestanding wallet. Source: Trust Wallet YouTube
From Wall Street: Finance without borders
Millions of people around the world are locked out of traditional finance and face multiple barriers to accessing economic opportunities. But now, anyone can use some taps in their trust wallet and exchange Stablecoin like USDC for the tokenized version of TSLA, QQQ or AAPL.
These tokenized RWAs are equipped with smart contracts and are issued by third-party partners such as Ondo Finance. This allows the token to track the price of the underlying asset with transparency and blockchain-based accountability. To provide a seamless experience, Trust Wallet has integrated a 1-inch Swap API designed to make RWA interaction simple and secure.
“Ondo Global Markets is a breakthrough in financial access,” said Nathan Allman, founder and CEO of Ondo Finance. “Global investors now have access to the largest selection of tokenized US stocks and ETFs on-chain. By bringing in OnChain, we saw Stablecoins export the US dollar.
A visionary movement
With this launch, Trust Wallet will be the first independent wallet to provide access to tokenized RWAS cross-chain starting with Ethereum, with additional providers and networks. This illustrates another step in Trust Wallet’s vision of building the first Web3 Neo Bank. Here, anyone, anywhere, can take advantage of global financial tools from Defi to RWA, without having to control their assets. Trust Wallet aims to become a self-supporting platform that offers everything from tokenized asset exposure to staking, swap, on-chie identity.
Next billion infrastructure
The move to Trust Wallet to RWAS reflects a greater change. It’s a place where everyday people can access the same opportunities that were once reserved for a small number of people. This is more than just a product update. This is a step into a financial system that is useful to everyone, anywhere.
“I believe that access to financial tools should not be dependent on geography, intermediaries, or complex systems,” Chen said, “When you put Wall Street in everyone’s pocket, you change what is possible. Not just for the sake of cryptography, but for humanity.”
About Trust Wallet
Trust Wallet is a secure, independent Web3 wallet and gateway for those who want to own, control and leverage the power of digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer and more convenient for millions of people around the world to experience Web3, securely access Dapps, store and manage crypto and NFT, buy, sell and bet Crypto to earn rewards.
Disclaimer
*RWA tokens are blockchain-based representations of real-world financial products. Access to RWAS is only available in certain regions. RWA may not be purchased or sold in the United States, the UK, or the European Union, and may not be provided, sold or delivered to “Americans.” If a person in the United States owns any of these assets, whether by transfer, gift, or other means, may face legal and practical consequences. These include the need to return assets (retirement), inability to resell, or retaining invalid or unenforceable contracts or assets. Asset prices may vary and are subject to market risk. Always dyor. Driven by a third party. We respond to T&C and risk disclosure.
