STS Digital Takes Its Crypto Options Desk Into Tokenized Stocks and Gold

STS Digital began offering over-the-counter options on tokenized stocks, ETFs and commodities today (Wednesday).

The Bermuda-regulated trading firm is moving beyond crypto and said it will quote those contracts around the clock, including when US markets are closed.Eligible clients can also post tokenized gold or equity ETFs as collateral against crypto options in the same account, STS said.

CEO Maxime Seiler put on-chain real-world assets at around $40 billion, in line with the $39.61 billion RWA.xyz showed as of November 9.Stocks and gold are a smaller slice.

Tokenized stocks stood at $4.63 billion on October 28, Token Terminal data show, and Tether Gold and PAX Gold at about $4.9 billion combined, RWA.xyz shows.Together that is about a quarter of the total, by FinanceMagnates.com's calculation.London's trading industry is coming home!Gold and Stocks Move Past Market HoursOther firms added parts of the same package this year, each on a different product.

Flow Traders opened a 24-hour desk for permissioned institutions in March, while CME Group moved its one-ounce gold futures to continuous trading in July.Tether's gold token was among the first products on the Flow Traders desk.

Continue reading at the original source →