DeFi· ★★★· neutral·

True Markets Launches On-Chain Orderbook for Tokenized Equities, Starting With Nvidia

  • —First market is NVDAc/USDC, open to beta clients via API and FIX gateway
  • —Orderbook offers limit orders, price protection and best-execution reporting
  • —CEO Vishal Gupta says market orders of a few hundred dollars can incur over 100 bps of slippage on AMM pools
  • —Tokenized equities are available to eligible clients outside the US
Why it matters: The launch intensifies competition in 24/7 tokenized equity trading, where NYSE, Kraken and Alpaca are already building infrastructure.
Source: Finance Magnates Crypto