How a tokenized stock works, what it tracks, and where it differs from a brokerage account.
A tokenized stock on GM Markets is an on-chain token that represents one share of a real stock, backed 1:1 by an actual share held in custody at a regulated broker-dealer. The token tracks the price of the underlying share in real time and absorbs every dividend and corporate action into its on-chain NAV.
Because it lives in your wallet as a standard on-chain token, you can hold it, send it, trade it, lend it, borrow against it, or use it as liquidity across DeFi — alongside the same price exposure you would get from a traditional brokerage account.
When you buy AAPL on GM Markets, you receive a tokenized representation of one AAPL share, fully backed 1:1 by an actual AAPL share held in segregated custody at a regulated US broker-dealer such as Alpaca Markets or Interactive Brokers. The token tracks the economic value of the underlying share: price movements, dividends, and corporate actions are all reflected in the token's on-chain NAV.
The token lives in your own embedded wallet, so you retain custody and can move, trade, lend, borrow, or provide it as liquidity across DeFi at any time. It behaves like a stock for purposes of price exposure, and like a crypto asset for purposes of composability.
Tokenized assets surface throughout the product using the underlying ticker only — AAPL, not gAAPL or $AAPL or NASDAQ:AAPL or AAPL.US. There is no wrapper name visible to users. Asset URLs follow the same rule: /asset/aapl, /asset/spy.
Common use cases for tokenized stocks include lending and borrowing on Aave and Morpho, margin trading and leverage on perps protocols, and providing liquidity on Uniswap, Curve, and CoW Swap. The composability of tokenized stocks is the central advantage over a traditional brokerage account — your AAPL exposure becomes productive capital that can earn additional yield while you hold it.
GM Markets does not offer its product or services to users in the United States or in other restricted jurisdictions. See Service availability for the current list.
