DeFiChain’s decentralised tokens offer users access to assets that correspond to stocks, commodities and exchange-traded funds (ETFs).
Users benefit from price exposure but do not have ownership in the company associated with the tokens.
DeFiChain, a leading decentralised finance (DeFi) blockchain platform on the Bitcoin network, has announced the addition of four new decentralised assets, or dTokens, to its growing list of traditional assets.
The new decentralised assets are Walt Disney Co ($dDIS), MicroStrategy Incorporated ($dMSTR), iShares MSCI China ETF ($dMCHI), and Intel Corporation ($dINTC).
The addition follows a vote by DeFiChain users, who chose the above assets over options such as Twitter Inc, Mastercard Inc, Uber Technologies, and PayPal Holdings Inc, the platform said in a press release.
Commenting on the news, DeFiChain’s Lead Engineer Prasanna Loganathar said:
“DeFiChain is continuously expanding the dToken universe to give users a serious alternative to the traditional financial broker – all whilst offering the flexibility and benefits of decentralization,”
Giving DeFi users access to top traditional assets
The four assets offer new investment opportunities to DeFi users, who can choose to mint or buy the four dTokens alongside those of other major traditional assets in stocks, bonds, commodities and an exchange-traded funds (ETFs).
These include dTokens tailored around the blue-chip stock index S&P 500, the Nasdaq 100 and stocks of electric car maker Tesla, iPhone maker Apple, e-commerce giant Alibaba, and streaming platform Netflix. Others are stocks of GameStop, Nvidia, Microsoft, and Meta.
Although they track the corresponding assets, dTokens are not the same as “securities” and thus do not offer benefits such as ownership, dividends, or voting rights in a company or institution related to these tokens.
Users can mint the dTokens or buy them from other holders on the DeFiChain DEX. To mint a dToken, one needs to deposit collateral, which can be BTC, DFI (the native DeFiChain token), or any of the supported stablecoins (dUSD, USDC and USDT).
Trading is available on the DeFiChain DEX, while passive income opportunities come via liquidity mining.