What Tokenized Stocks and ETFs You Can Trade On-Chain Right Now on GM Markets
Discover the tokenized US stocks, ETFs, and commodities available on GM Markets, including AAPL, NVDA, TSLA, MSFT, GOLD, and BRENT. Learn how our platform enables self-custodial, on-chain trading with 1:1 backing, transparent fees, and DeFi composability.
What Tokenized Stocks and ETFs You Can Trade On-Chain Right Now on GM Markets
GM Markets offers a direct, permissionless route to access a growing selection of US-listed tokenized stocks and exchange-traded funds (ETFs) as fully backed, on-chain tokens. Our platform combines traditional equity market exposure with the advantages of decentralized finance (DeFi).
We developed GM Markets to address the barriers and restrictions many global investors encounter when seeking access to US equities. By tokenizing these assets, we enable self-custodial trading and unlock composability within the broader DeFi ecosystem. This means you can manage your exposure to leading US companies and market indices directly from your own wallet. GM Markets is currently in public beta, meaning while core trading functions are fully operational and backed by 1:1 custody, we are continuously iterating and evolving the platform. We invite users to explore our offerings and provide feedback as we refine the experience.
The Current Range of Tokenized Assets on GM Markets
GM Markets provides access to a specific selection of tokenized US-listed stocks and commodities. Our platform offers tokenized representations of leading US companies including Apple (AAPL), NVIDIA (NVDA), Tesla (TSLA), and Microsoft (MSFT). Additionally, we offer exposure to commodities such as Gold (GOLD) and Brent Crude Oil (BRENT). This selection is based on market demand and liquidity, providing economic exposure to the underlying securities.
We prioritize transparency in our asset offerings. The most current list of available assets, alongside their real-time attestation status, is always available on our Proof of Reserves page. This page is updated continuously, allowing you to verify the 1:1 backing of each tokenized asset. We are committed to expanding our asset range to provide broader access to global markets as our platform evolves.
How Tokenized Equities Function on Our Platform
Every tokenized stock or ETF on GM Markets is fully backed 1:1 by a real share held in a segregated customer account at regulated broker-dealers, such as Interactive Brokers or Alpaca Markets. This structure ensures that your on-chain token directly represents an equivalent off-chain asset, providing a direct link to the traditional market. We maintain these underlying shares in segregated accounts, distinct from our own operating capital, enhancing asset security and ensuring they remain available to token holders independently of GM Markets' commercial status. For a detailed understanding of our custody model, please refer to our security page.
Transparency is a foundational principle for us. Our reserves are independently attested in real time by Accountable, a third-party proof-of-reserves provider. Accountable reads broker balances directly and publishes them on-chain, allowing you to verify the backing of every tokenized asset at any time. This independent verification process reinforces the integrity of our 1:1 backing model and provides verifiable proof of reserves.
Trade Execution via Request-For-Quote (RFQ)
Trade execution on GM Markets uses a Request-For-Quote (RFQ) model. When you initiate a trade on our platform, you are sending a request for a price to our network of regulated market-making partners. These partners then provide firm, time-limited executable prices based on the live underlying market conditions. You receive a final quoted price, which already includes our transparent trading fee, before you confirm your trade. This "ask first, trade second" approach minimizes market impact, especially for larger orders, and ensures you receive competitive pricing directly from liquidity providers. Unlike traditional order books where orders are publicly displayed, RFQ allows for more controlled price discovery, reducing the risk of adverse price movements. Our platform's default slippage tolerance is 0.5%, which you can configure per trade. Out-of-hours orders are queued on-chain and fill when the market opens or when liquidity becomes available.
We operate on a total-return model for dividends and corporate actions. When a dividend is paid on an underlying share, it is automatically reinvested to purchase more of that asset. This action increases the token's on-chain Net Asset Value (NAV) rather than distributing a separate cash payout. You experience the economic benefit of dividends through the appreciation of your token's value. Similarly, corporate actions such as stock splits, mergers, spin-offs, or name changes are absorbed into the token's NAV. This ensures your economic exposure precisely tracks the underlying asset without requiring any manual intervention or separate distributions from your side. Our platform also supports fractional ownership, allowing you to trade from as little as $1, making high-value assets accessible to a wider range of investors.
The Advantages of On-Chain Trading with GM Markets
DeFi Composability
A central advantage of trading tokenized stocks on GM Markets is their inherent DeFi composability. Our tokens are standard ERC-20 assets, which means they can be seamlessly integrated and utilized across various decentralized finance protocols. You can use your tokenized positions for lending and borrowing on platforms like Aave and Morpho, or supply them as liquidity to decentralized exchanges such as Uniswap, Curve, and CoW Swap. This allows your stock exposure to become productive capital that can earn additional yield while you hold it, a functionality not typically available with traditional brokerage accounts. This ability to layer financial strategies on top of your equity exposure represents a significant shift in how investors can manage their portfolios.
Permissionless Global Access
We designed GM Markets for global accessibility, removing many traditional barriers to accessing US equity markets. Our permissionless onboarding process allows you to connect via an external wallet, Google, or an email magic-link. This streamlined approach ensures that users worldwide can easily participate in tokenized stock trading without complex account opening procedures or geographical restrictions. We aim to democratize access to global equities, making it possible for more individuals to diversify their portfolios with leading US assets.
Transparent and Efficient Pricing
Our pricing model is straightforward and transparent, designed to provide clarity on all transaction costs. We charge a single trading fee ranging from 10 to 20 basis points (0.10% to 0.20%), with the default being 20 bps. This fee decreases to 10 bps as your 14-day trading volume increases through our VIP ladder. The fee is always included in the quoted price you see, so the "You will receive" line is the final amount you pay. We do not charge hidden fees such as custody fees, inactivity fees, dividend cuts, or FX markups. Furthermore, gas costs are abstracted: your smart account pays native gas, and the equivalent is billed in USDF from your balance, eliminating the need for you to hold native chain tokens or manage gas fees directly. This comprehensive fee structure ensures predictability and cost-effectiveness in your trading.
Self-Custody and Robust Security
With GM Markets, you retain full control over your assets. Your tokenized stocks reside in your embedded wallet, which is operated by Privy using multi-party computation (MPC). This means no single party, including GM Markets, holds the complete private key; it is reconstructed from shares only at the time of signing, directly on your device. This architecture significantly enhances the security and self-custodial nature of your holdings, giving you direct ownership and control. Authentication is managed through biometric verification (Face ID / Touch ID), passkeys, or TOTP. For added security, trades and withdrawals exceeding $10,000 trigger a mandatory second-factor confirmation. We also maintain a robust bug bounty program and undergo regular smart contract audits by firms like Sherlock, Halborn, Cantina, and Cyfrin, as detailed on our security page.
Getting Started with Tokenized US Equities
Starting your on-chain trading journey with GM Markets is a straightforward process. First, connect your preferred external wallet, or sign up using your Google account or an email magic-link. This permissionless onboarding is designed for ease of access, as outlined on our about page. Once onboarded, you can deposit stablecoins, such as USDC or USDT, which are unified into USDF on our platform across supported chains like Base, Arbitrum, Ethereum, and Optimism. From there, you can easily initiate a trade for any of our available tokenized US stocks or ETFs. Our user-friendly interface is designed for efficient trading, and you can begin with a low minimum trade size of just $1. We abstract away complex blockchain interactions, allowing you to focus on managing your portfolio.
Important Considerations: Jurisdiction and Risk Disclosure
GM Markets is not offered to users in the United States or other restricted jurisdictions. We encourage all users to understand their local regulatory environment.
Trading financial instruments, including tokenized stocks and ETFs, involves inherent risks. Markets can move against you, and you may lose money. Tokenized assets carry specific risks such as settlement risk, counterparty risk, smart-contract risk, and custody risk. While tokenized stocks provide economic exposure to the underlying asset's price and dividends (via NAV appreciation), they do not confer shareholder voting rights or other direct corporate governance rights associated with holding physical shares. We do not provide financial, investment, tax, or legal advice. Please review our legal and risk disclosures before trading.
Frequently Asked Questions
What is the minimum amount I can trade?
You can start trading tokenized stocks and ETFs on GM Markets with as little as $1. Our platform supports fractional ownership, allowing you to gain exposure to high-value assets with a small investment.
How do dividends work with tokenized stocks?
On GM Markets, we use a total-return model. Dividends from the underlying shares are reinvested to purchase more shares, which increases the token's on-chain Net Asset Value (NAV). You receive the economic benefit of dividends through the appreciation of your token's value, rather than as a separate cash payout.
Are there any fees beyond the trading fee?
No. Our revenue model is based solely on a transparent trading fee, which ranges from 10 to 20 basis points. Deposits and withdrawals are free across all rails, including Apple Pay, card, bank, and stablecoin. We do not charge custody fees, inactivity fees, dividend cuts, or FX markups.
What happens if GM Markets ceases operations?
A designated security agent is authorized to work directly with our custodian to redeem outstanding tokens against the underlying shares. This redemption path is enforced by an on-chain contract and operates independently of GM Markets' continued operation. Your assets are held in segregated customer accounts, separate from our balance sheet.
Can I use these tokens in other DeFi applications?
Yes. Our tokenized stocks are standard ERC-20 assets designed for composability across DeFi. You can use them for lending and borrowing on protocols like Aave and Morpho, or provide liquidity on decentralized exchanges such as Uniswap, Curve, and CoW Swap, among other applications.
Integrating Tokenized US Equities into Your On-Chain Portfolio
GM Markets provides a clear path for global investors to gain economic exposure to US stocks and ETFs through tokenized assets. By combining the direct price tracking of traditional equities with the advantages of self-custody and DeFi composability, we offer a modern approach to portfolio diversification. Our platform ensures 1:1 backing by real shares, transparent fee structures, and secure, permissionless access. We invite you to explore our platform and integrate US equity market access into your on-chain portfolio, leveraging the flexibility and control that tokenized assets provide. We encourage you to review our legal and risk disclosures, as GM Markets is not offered to users in the United States or other restricted jurisdictions.
