Justin Sun launches tokenized US stock trading on HTX with 20 assets

Justin Sun has announced the launch of U.S. stock-linked spot trading on HTX, with the cryptocurrency exchange introducing 20 tokenized stocks and exchange-traded funds against USDT starting November 9. Summary Justin Sun announced stock-linked spot trading on HTX with 20 tokenized U.S. stocks and ETFs. HTX scheduled token deposits for November 9 while withdrawals remained without a confirmed opening date. HTX’s bStocks provide economic exposure to securities but do not grant direct shareholder ownership rights. The exchange introduced zero maker fees through February 9, while standard taker fees continue applying. The SEC dismissed claims against Sun in March, while Rainberry received a $10 million penalty. In an X post, Sun wrote, “US stock spot trading has officially launched on Huobi HTX.” The announcement followed HTX’s publication of its listing schedule and comments indicating that similar trading services were being introduced on Poloniex. The new products provide exposure to U.S. securities through blockchain-based tokens, including assets linked to Nvidia, Tesla, Circle and Strategy. Unlike conventional brokerage purchases, customers buying these tokens do not directly ow...