Gate News, according to Gate's official announcement, Gate has officially launched the gStocks tokenized securities service. This product is backed 1:1 by an equal amount of underlying stocks as reserve assets, allowing for two-way free conversion of assets, and providing users with 7×24 securities trading capabilities. Each circulating gStocks token is matched with an equal number of underlying stocks as the underlying reserve.
gStocks adopts an order book matching trading model and supports API trading channels, enabling users to perform contract hedging and cross-platform liquidity hedging. This product is seamlessly integrated with Gate’s unified account for crypto assets, and gStocks tokens can be directly used for leveraged staking and borrowing. Dividends generated from holdings will be automatically settled and distributed to accounts by the system.
gStocks is fully compatible with Gate's wealth management tools such as YuBiBao, supports automated trading bot operations, and provides grid trading, range arbitrage, and other strategies. The trading threshold is as low as 1 USDT, supporting fractional share purchases and automatic DCA. Gate will subsequently expand gStocks' multi-chain ecosystem compatibility and support more cross-chain functions.