Step Finance Introduces Tokenized Stocks to Solana: Nvidia and Tesla Go On-Chain

Step Finance Introduces Tokenized Stocks to Solana: Nvidia & Tesla Go On-Chain

Step Finance, a prominent DeFi protocol on Solana, has announced its expansion into tokenized assets through the acquisition of Moose Capital (soon to be Remora Markets). This marks the first marketplace on Solana offering fractionalized, real-world asset (RWA) trading of established stocks such as Nvidia (NVDA) and Tesla (TSLA).

Revolutionizing Real-World Asset Access

Rebranded as Remora Markets, this new marketplace aims to remove barriers like steep brokerage fees and lengthy processing times. By tapping into Solana’s high-speed, low-cost blockchain, users outside the U.S. and Europe will be able to trade fractionalized stocks as easily as any digital asset.

Co-founder of Step Finance, George Harrap, emphasized the platform’s exclusivity on Solana:

“No one else offers this on Solana. We expect a high influx of traders due to the speed, cost-efficiency, and simplicity of tokenized stock trading here.”

Boosting Step Finance’s Ecosystem

All protocol revenue from Remora Markets will bolster Step Finance’s $STEP buyback program, driving utility and value for the token. The move aligns with Step’s vision of being the “front page of Solana,” enticing institutional players and deepening the ecosystem’s liquidity.

Positioning for the Future

By acquiring Moose Capital, Step Finance steps into the $13 billion RWA (Real-World Asset) market, leveraging its standing as a leading DeFi protocol. This initiative not only diversifies Step’s portfolio but also solidifies Solana’s role in bridging traditional finance and decentralized infrastructure.

To learn more about Step Finance and Remora Markets, visit the official website at step.finance.