Frequently asked questions

You are buying a tokenized representation of one AAPL share, fully backed 1:1 by an actual AAPL share held in custody on your behalf by a regulated broker-dealer. 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 protocols at any time. It behaves like a stock for purposes of price exposure, and like a crypto asset for purposes of composability.

Your assets remain protected through a designated security agent, who works directly with the custodian to redeem outstanding tokens against the underlying shares for token holders. The redemption path is enforced by the on-chain contract and is independent of GM Markets’ continued operation.

In other words, the value of your tokens is held in segregated customer accounts at the custodian, not on GM Markets’ balance sheet. The security agent has standing authority to act on token holders’ behalf to settle and return value to wallet holders.

The underlying shares backing every tokenized asset on GM Markets are held in segregated customer accounts at regulated US broker-dealers operating under the supervisory frameworks of their respective jurisdictions.

Customer assets at these brokers are held separately from the brokers’ own funds, under the applicable investor-protection arrangements that apply to segregated client accounts. This means the underlying shares remain available to token holders independently of GM Markets’ or any single broker’s commercial status.

Because every tokenized asset on GM Markets lives in your own wallet as a standard on-chain token, you can use it across the broader DeFi ecosystem. Common use cases include lending and borrowing on protocols like Aave and Morpho, margin trading and leverage on perps protocols, and providing liquidity on decentralized exchanges such as Uniswap, Curve, and CoW Swap.

The composability of tokenized stocks is the central advantage of GM Markets over a traditional brokerage account — your AAPL exposure becomes productive capital that can earn additional yield while you hold it.

Note on service availability: 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.

The trading fee on GM Markets ranges from 10 to 20 basis points (0.10% to 0.20%). The default rate is 20 basis points, and your fee progressively drops to 10 basis points as your 14-day trading volume grows through the VIP tier ladder. The fee is included in the quoted price you see in the trade sheet, so the “You will receive” line is the final amount that lands in your wallet.

Network gas is abstracted: your smart account handles the native-token cost behind the scenes and bills the equivalent against your USDF balance (the unified stablecoin balance backed 1:1 by USDC and USDT). You hold one currency, never need a native chain token, and never see a separate gas line. Deposits and withdrawals are free across every rail (Apple Pay, card, bank, stablecoin). The full fee schedule, including VIP tier brackets, lives on the Pricing page.

Yes. When the underlying company pays a dividend, the cash is used to buy back more of the underlying shares, and the on-chain NAV of the token increases accordingly to reflect the added shares per token. You see the dividend value in the token’s price rather than as a separate cash distribution to your wallet.

For other corporate actions — stock splits, special distributions, spin-offs, mergers, name changes — the on-chain NAV is updated to fully reflect the action. The result is that your economic position tracks the underlying instrument exactly, with all corporate events absorbed transparently into the token’s value.

The price you see for any asset on GM Markets is sourced from real-time RFQ quotes provided by regulated market-making partners, who price each quote against the live market in the underlying instrument. When you accept a quote, the trade is settled back-to-back against the underlying market, so your fill closely tracks the prevailing market price at execution time.

You can configure your slippage tolerance in the trade sheet (default 0.5%) to control the maximum acceptable drift between quote and execution. If the market moves beyond your tolerance during the quote window, the trade does not execute and you receive a fresh quote.

The minimum trade size on GM Markets is $1, and fractional shares are supported down to six decimal places, so you can buy a precise dollar amount of any asset without rounding to whole shares. There is no daily maximum on the default tier — you can trade in any size that fits your strategy.

Yes. Orders placed outside of the underlying market’s regular hours are queued on-chain and execute automatically as soon as liquidity becomes available or when the market opens. You see the queued status on the order in your Portfolio, and you receive a confirmation as soon as the order fills.

For 24/7 assets like cryptocurrencies, orders fill immediately at the prevailing RFQ price, regardless of time of day.

Your embedded wallet is held by Privy and uses multi-party computation (MPC) for key management — no single party, including GM Markets, ever holds your complete private key. Every transaction is authorized by your biometric (Face ID or Touch ID), passkey, or other authentication method enrolled on your account.

GM Markets supports multiple recovery paths so you always have a way back into your account: passkey on a backup device, email magic-link, and optional TOTP authenticator app. For added defense, large trades and withdrawals automatically trigger a second-factor confirmation via email magic-link or TOTP. You can manage all active sessions and recovery methods from Account → Security.

Reserves are independently attested by a third-party proof-of-reserves service provider. The attester reads share balances directly from segregated accounts at regulated US broker-dealers and publishes the attested values on-chain in real time.

On the Proof of Reserves page you can see the live token supply for every asset alongside the attested broker balance, the backing ratio, and a link to verify the on-chain attestation contract. Every token outstanding on GM Markets is backed 1:1 by a corresponding share at one of the broker partners, and you can verify this independently at any time.

You are responsible for tax obligations in your jurisdiction. GM Markets provides a complete CSV export of every trade and transaction from your Portfolio, so you have full records to share with your tax advisor or to use with your preferred tax software.

Because dividends and corporate actions are reflected in the on-chain NAV rather than as separate cash distributions, the dividend itself is not a taxable event under most jurisdictions — taxable events are typically only triggered when you realize a position through a sale or transfer. Consult a qualified tax advisor for guidance specific to your situation.