Best Brokers for Tokenized Stocks in 2025
Tokenized stocks are digital assets that mirror the price of a real-world stock, such as Apple, but trade on a blockchain or crypto-friendly exchange instead of a traditional stock exchange. You’re not buying direct ownership of the company’s shares, but you are getting exposure to the price movement in a way that feels almost identical.
Growing in popularity, we’ve run a series of tests to identify the best brokers for trading tokenized stocks.
Top 3 Brokers For Tokenized Stock Trading
After running hands-on tests, these 3 brokers stand out as the best for buying, selling, and trading tokenized stocks:
Why Are These Brokers The Best For Tokenized Stocks?
Here's a quick rundown of why we think these are the top brokers with tokenized equities:
- Gemini is the best broker for tokenized stock trading in 2025 - When we tested Gemini’s tokenized stock access via third-party integrations, the experience was smooth and well-secured. Asset custody felt robust, and the platform maintained Gemini’s high compliance standards. While spreads were around 0.4%, order execution was reliable - important for active traders. The interface was clean, and transfers between crypto and wrapped equities were intuitive.
- Kraken - When we tried Kraken’s tokenized stock products, the selection was modest but expanding - Tesla, Apple, and other top U.S. equities featured. Spreads averaged 0.25% with decent depth, even outside peak hours. Transfers between spot and tokenized assets were smooth. Strong desktop interface, though mobile could still use refinements.
- Coinbase - When we tested Coinbase’s tokenized stocks, execution was fast and spreads stayed tight - typically around 0.3%. The interface, especially on mobile, was intuitive and ideal for new traders. Transfers between crypto and tokenized assets were seamless. While the asset range is still growing, liquidity on prominent names was consistently strong.
How Secure Are The Best Tokenized Stock Brokers?
Choosing a broker for tokenized stocks requires trust in asset custody, regulatory compliance, and fund protection. Here's how our top brokers safeguard your investments:
| Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
|---|---|---|---|---|
| Gemini | ✘ | ✘ | ✔ | |
| Kraken | ✘ | ✘ | ✘ | |
| Coinbase | ✘ | ✘ | ✔ |
Are The Best Tokenized Stock Brokers Good For Beginners?
New to tokenized stocks? We assessed education tools, demo accounts, and easy-to-use platforms to see which brokers best support beginners:
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
|---|---|---|---|---|---|
| Gemini | ✘ | $0 | 0.00001 BTC | ||
| Kraken | ✔ | $10 | Variable | ||
| Coinbase | ✘ | $0 | $2 |
Are The Top Tokenized Stock Brokers Good For Experienced Traders?
Experienced traders need reliable execution and sophisticated tools. Here's where our leading brokers excelled for advanced tokenized stock trading:
| Broker | Automated Trading | VPS | AI | Pro Account | Leverage | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Gemini | - | ✘ | ✘ | ✘ | - | ✘ | ✘ |
| Kraken | Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin | ✘ | ✘ | ✘ | - | ✘ | ✘ |
| Coinbase | - | ✘ | ✘ | ✘ | - | ✘ | ✘ |
Compare Detailed Ratings Of Top Tokenized Stock Brokers
See how the best tokenized stock brokers performed across critical categories in our evaluations:
| Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
|---|---|---|---|---|---|---|---|---|---|
| Gemini | |||||||||
| Kraken | |||||||||
| Coinbase |
Compare Trading Fees
Costs matter when trading tokenized assets. Here’s how our top brokers compare on trading fees:
| Broker | Cost Rating | Fixed Spreads | Inactivity Fee |
|---|---|---|---|
| Gemini | ✘ | - | |
| Kraken | ✘ | - | |
| Coinbase | ✘ | $0 |
How Popular Are The Top Tokenized Stock Trading Platforms?
Tokenized stocks are gaining popularity with retail traders. We looked at which of our top platforms are attracting the most users in this fast-evolving market:
Why Trade Tokenized Stocks With Gemini?
"Gemini’s ActiveTrader platform and TradingView integration make it a good choice for serious crypto traders seeking a reliable charting environment, though we were disappointed by some unnecessary fees and previous security breaches."
Gemini Quick Facts
| Demo Account | No |
|---|---|
| Instruments | Cryptos |
| Regulator | NYDFS, MAS, FCA |
| Platforms | ActiveTrader, AlgoTrader, TradingView |
| Minimum Deposit | $0 |
| Minimum Trade | 0.00001 BTC |
| Account Currencies | USD, EUR, GBP, CAD, AUD, HKD, SGD |
Pros
- Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage
- There is a decent range of educational guides and tutorials suitable for beginners
- The trading app features a user-friendly, modern design and intuitive interface, with an excellent range of charting tools for day traders
Cons
- There is no practice profile or demo account for prospective traders
- The 'convenience fee' for using the mobile app seems arbitrary and makes it inefficient to use this feature
- The exchange has a history of concerning incidents including the collapse of its Earn program and a phishing breach
Why Trade Tokenized Stocks With Kraken?
"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."
William Berg, Reviewer
Kraken Quick Facts
| Bonus Offer | Lower fees when trading volume exceeds $50,000 in 30 days |
|---|---|
| Demo Account | Yes |
| Instruments | Cryptos |
| Regulator | FCA, FinCEN, FINTRAC, AUSTRAC, FSA |
| Platforms | AlgoTrader, Quantower |
| Minimum Deposit | $10 |
| Minimum Trade | Variable |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF |
Pros
- Low minimum deposit of $10
- Very good security track record with no hacks in a decade since launch
- Low exchange fees on Kraken Pro
Cons
- Does not support many newer altcoins
- Does not accept fiat deposits
- Slow verification process on Pro account
Why Trade Tokenized Stocks With Coinbase?
"Coinbase is ideal for beginners looking for an intuitive platform to buy and sell a wide variety of cryptocurrencies, with robust security and regulatory compliance. However, its fees are higher compared to competitors in our tests, and it’s not as tailored for short-term traders."
Christian Harris, Reviewer
Coinbase Quick Facts
| Demo Account | No |
|---|---|
| Instruments | Crypto |
| Regulator | FinCEN, FCA, CBoI, MAS, OAM, DNB, BdE |
| Platforms | Coinbase, Advanced Trade, Wallet, NFT, TradingView |
| Minimum Deposit | $0 |
| Minimum Trade | $2 |
| Account Currencies | USD, EUR |
Pros
- Coinbase supports 240+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and more recently listed altcoins like $Trump, giving early access to emerging tokens.
- There are platforms for all levels: beginners can use the simple Coinbase app, while Advanced Trade provides lower fees and pro-level tools.
- Coinbase Advanced bolstered its leveraged trading offering with a suite of new futures products in 2025, including Ripple (XRP), Natural Gas (NGS), and Cardano (ADA), providing accessible ways to trade, hedge, or diversify.
Cons
- High crypto fees based on tests, especially compared to competitors like Kraken and BitMEX, and notably on the standard dealing platform.
- There are woeful research tools; Advanced Trade has TradingView charts but lacks features like news feeds, economic calendars, and AI market insights.
- Frustrating customer support during testing, with most help options hidden behind login, making it tough for locked-out users or non-account holders to get assistance.
How DayTrading.com Chose The Best Tokenized Stock Brokers
We selected the best brokers for tokenized stock trading by running hands-on tests across key factors like asset variety, liquidity, fees, user experience, security, wallet support, and trading hours.
Each platform was evaluated in every category, before we sorted providers by their overall ratings.
Picking A Brokerage With Tokenized Equities
Here are the key things to look for when selecting a provider, with details on how we evaluated our best-ranking firms and which one ultimately came out on top:
Range of Tokenized Stocks
There’s not much point getting into tokenized stocks if your favorite names aren’t on the menu, whether you’re into big tech, banks, or something more niche; variety matters – especially if you’re building out strategies across sectors or hedging plays against crypto exposure.
We looked at the number of supported tokenized stocks, geographic variety (U.S., European, and Asian names), and availability during extended hours. Bonus points for platforms offering fractional sizes, stablecoin pairs, and consistent pricing updates across their tokenized equities list.
Top Pick for Stock Variety: Kraken wins this round for one reason: depth and breadth. During our tests, Kraken offered more tokenized equities than the other firms we tested, with consistent coverage of high-demand names like Tesla, Apple, Microsoft, and Amazon — plus less obvious picks like Pfizer, Alibaba, and even some European stocks.
Where Kraken is a cut above is in how it balances quantity with quality. These aren’t just filler listings with no volume. When we sampled 10 different tokens over a week, each one showed reliable bid-ask activity and live price feeds. Even the lower-volume names had tradable spreads – something we didn’t see as often on the other platforms we evaluated.
We also liked that Kraken denominates most of these tokens in stablecoins like Tether, which makes it simple to switch between crypto and tokenized stocks without friction. You’re not having to convert to fiat or do any double-exchange math.
Liquidity
If you’ve ever traded a thin market, you know the pain. Slippage, bad fills, or that feeling when your limit order just sits there all day — it’s frustrating.
Liquidity is the lifeblood of any market, and tokenized stocks are no different, and not every broker has built up enough volume in these products to give you reliable fills, especially when you’re trading during off-peak hours or looking to size up.
What we look for here is tight bid-ask spreads, active order books, and decent 24/7 volume, not just in Bitcoin or Ethereum but specifically in tokenized equities. Without those, you’re stuck either chasing the price or waiting forever to get in or out.
For our own trades, especially when testing spreads in volatile conditions, we saw massive variation across platforms.
Top Pick for Liquidity: We’ve traded tokenized stocks on various platforms, and Kraken Pro consistently delivered the tightest spreads and most active order books.
That’s especially true on high-volume names like Tesla, Apple, and Nvidia, which are frequently available during European and U.S. sessions. Even during low-volume hours, Kraken still had visible depth on both sides of the book, which is more than we can say for some of the other options out there.
Their partnership model for liquidity provisioning is doing the heavy lifting here. Kraken also benefits from its long-standing ties to institutional crypto trading, so when market makers are already active on Bitcoin and Ethereum, they’re often quoting tokenized stocks too. That matters when you’re trying to scale in or out of a position quickly.
User Experience
Let’s face it – no one wants to trade inside a clunky interface, especially when you’re dealing with something as new as tokenized stocks. If we have to dig through five menus or read a whitepaper just to figure out how to place an order, that platform’s getting sidelined. For most traders, the key is speed, clarity, and ease of execution.
So in this section, we focused on how intuitive each platform felt when it came to trading tokenized stocks. That includes how easy it was to find supported assets, place and manage orders, and view balances. We tested both desktop and mobile platforms and judged each on simplicity, responsiveness, and visual layout.
Top Pick for User Experience: Gemini takes this one with ease. The ActiveTrader interface gave us a clean, fast, and responsive experience when buying and selling tokenized equities. Even if you’re new to the crypto-meets-stock world, Gemini’s layout makes it simple to search for tokenized assets, check price depth, and get trades done without second-guessing the interface.
We especially like how tokenized assets aren’t buried or hard to identify. They’re listed right alongside major crypto pairs, with clear labels and consistent pricing data. Order management – editing, canceling, and tracking fills – was smooth and immediate, even on mobile.
Plus, the portfolio view makes it easy to track your tokenized equity exposure separately from your crypto balances, which helped us manage risk more effectively during testing. That kind of small detail makes a big difference when you’re juggling positions.
It’s also worth noting that Gemini’s support center is useful. When we had a question about settlement timing, we got a straight answer in under an hour – something that’s rare in this space from our experience.
Security and Regulation
Trading tokenized stocks is exciting, but it’s also walking the line between traditional finance and crypto. That means regulatory clarity and platform security matter more than ever. You’re not just trusting a broker with your funds; you’re trusting them with your synthetic exposure to major equities.
We’ve been burned before (not naming names), so now we always start with a hard look at licensing, asset custody, insurance protections, and transparency around how tokenized assets are backed. If you can’t find straight answers in the FAQs, docs, or legal disclosures, it’s a red flag.
During testing, we also looked at how each platform protects user accounts – not just through cold storage, but also multi-factor authentication, withdrawal whitelists, and internal auditing. This is where the legacy reputation of an exchange starts to matter.
Top Pick for Security and Regulation: Coinbase comes out ahead here – and that’s not surprising. As a publicly traded company regulated by the United States Securities and Exchange Commission, Coinbase is under more scrutiny than most of its peers.
That gives it a compliance-first mindset, which shows up in everything from its custody setup to how it explains risk to users. For tokenized stocks — which sit in a grey area in many jurisdictions — that sort of transparency matters.
Every tokenized equity listed on Coinbase comes with extensive documentation, including how the tokens are backed, what markets they’re linked to, and any trading limitations. We went through their token disclosures line by line, and they’re easily the most detailed and accessible of the brokers we tested.
From a security standpoint, the bulk of user funds are stored offline in cold storage, and Coinbase has been SOC 2 Type II certified, which means regular external audits of security processes. We also tested their two-factor authentication and IP whitelisting features, both of which were fast to set up and gave us added peace of mind before transferring funds.
What sealed it for us was their insurance coverage for digital assets held on the platform. While it doesn’t cover losses from user error (like getting phished), it does kick in for platform-level breaches – something few crypto exchanges can honestly say.
Fees
Fees can sneak up on you fast when you’re trading tokenized stocks. Unlike traditional brokers, where the pricing is usually flat or commission-free, crypto-style platforms often come with taker fees, deposit fees, spreads, and sometimes even withdrawal costs. And when you’re in and out of trades quickly – like I tend to be – those fractions of a percent start to add up.
For this section, we looked at trading fees (especially for tokenized stock pairs), stablecoin deposit options, and how competitive the spreads were on smaller-sized orders. We also took note of any hidden costs like conversion or withdrawal fees that might chip away at your profits over time.
Top Pick for Fees: Gemini keeps it tight on cost – especially if you’re trading from the web interface or through ActiveTrader.
We ran side-by-side tests placing tokenized stock orders on multiple platforms, and Gemini consistently gave us the lowest effective trading costs, including both fees and spreads. The big win here is how they structure their maker-taker model, especially if you’re not rushing your fills. If you’re patient and post limit orders, you can pay as low as 0.00% in trading fees.
Even on the taker side, we were seeing fees starting at 0.20%, and Gemini occasionally offers fee rebates depending on your volume tier or promotions. That’s competitive even next to Kraken, which charges similar base rates but had higher taker fees for tokenized assets in our testing.
Another thing we liked: free USD Coin and Gemini Dollar deposits, which let you sidestep conversion fees if you’re already in stablecoins. That’s something we think more traders will care about as they start jumping between DeFi and tokenized equity plays.
Withdrawals, Transfers, and Wallet Support
Being able to trade tokenized stocks is one thing, but what happens when you want to move them?
This is where the rubber meets the road for crypto-native traders. Whether it’s shifting assets between wallets, moving into cold storage, or just cashing out without delays, withdrawal policies and token portability make a big difference.
We looked at transfer options, wallet support (including self-custody), withdrawal fees, and how quickly we could access funds after a sale. Some platforms lock you in; others let you take control.
Top Pick for Transfers and Wallet Access: Coinbase leads the pack when it comes to wallet support and transparent withdrawal flow. Unlike some competitors that treat tokenized stocks as walled-garden assets, Coinbase lets you move seamlessly between your tokenized equity positions and the rest of your portfolio.
You can hold the value of those positions in USD Coin or other supported assets, then withdraw directly to external wallets or bank accounts with minimal friction.
We tested multiple withdrawal paths – back to a bank account, to a hardware wallet via USD Coin, and to a self-custody wallet for advanced DeFi use. In every case, Coinbase processed the transfers quickly and transparently, with estimated settlement times displayed before confirmation.
There’s also a trust factor here. No hidden limits, no surprise hold periods, and the platform gave us full fee visibility before we clicked “send.” That’s something we appreciate after having funds delayed for days on other platforms without explanation.
If you want control – and the option to shift between trading, saving, or staking your stock-linked assets – Coinbase makes those transitions seamless.
Trading Hours and Availability
One of the biggest draws of tokenized stocks is the promise of breaking free from Wall Street’s 9-to-4 grind. For crypto traders used to 24/7 action, traditional stock hours feel like a relic. Tokenized equities are supposed to bridge that gap, but not all brokers treat them the same.
We checked each platform’s trading window for tokenized stocks, tested execution during off-hours, and looked at how price data updates when U.S. markets are closed. Our focus was on true around-the-clock access, not just delayed orders or static pricing outside stock exchange hours.
Top Pick for 24/7 Access: Kraken gets the nod here for delivering the closest thing to full-time stock trading.
Out of all the platforms we tested, Kraken was the only one that consistently allowed us to trade tokenized stocks around the clock, including weekends. Execution was smooth even at odd hours, and prices continued to reflect real-time sentiment — not just frozen end-of-day snapshots.
During one of our overnight sessions (GMT+1), we placed test orders in tokenized Apple and Tesla, and Kraken’s order book was active, with real fills and tight spreads. That’s a huge advantage if you’re reacting to global macro events, crypto volatility, or just trading from a different time zone.
They also do a good job of syncing pricing with live markets when traditional exchanges reopen, so you’re not waking up to huge gaps or price shocks with no context.
Why Trade Tokenized Stocks?
- The barriers to entry are lower. You can often buy fractional amounts, meaning you’re not coughing up hundreds of dollars to get into Amazon.
- 24/7 availability (on some platforms) means you’re not stuck inside NYSE trading hours. We’ve used these markets ourselves to test how well they fill a gap between crypto and equities — and for short-term tactical trades, they’ve opened up new angles that just weren’t possible with legacy brokers.
- The global accessibility. If you’re outside the United States or want to avoid clunky stock account setups, tokenized versions can be a workaround. And they’re usually tied to stablecoins like Tether or USD Coin, so you don’t need to convert back to fiat to get started.
Bottom Line
After trading tokenized stocks across various platforms during testing, here’s the big takeaway: the right brokerage for you depends on your needs. Each broker brings something different to the table, and your ideal choice depends on how you trade.
If you’re focused on liquidity, range, and round-the-clock access, Kraken is the top pick. We kept coming back to it for its reliable fills, broader list of tokenized stocks, and 24/7 trading that works.
If fees and user experience are your main concern, Gemini offers one of the most affordable and streamlined ways to get in and out of tokenized equities. The ActiveTrader platform is clean, fast, and friendly for newer users without compromising on power.
And if regulation, trust, and smooth transfers matter most to you, Coinbase gives you the strongest peace of mind. The platform feels built for traders who want transparency, security, and the freedom to move assets without friction.
We’ve tested them all with real trades, real capital, and real scrutiny, and we’d happily use any of our top picks. Just know your trading style, know what matters to you, and pick the broker that fits.