SWAPPING STOCKS: StonkBrokers Teams Up With Rialto To Bring Tokenized Stocks To The StonkBrokers Swap Desk!
- Kyle
- 3 hours ago
- 2 min read
For the past two weeks, activated StonkBrokers have been earning shares of some of the world's biggest companies with every single clock in. And Now, it just got a whole lot easier to cash in those rewards or swap them for something new!
Before the opening bell on Friday, Clutch Markets Founder 0xSimpleFarmer announced that anyone and everyone can now swap tokenized stocks for crypto and crypto for tokenized stocks, through the updated StonkBrokers Swap Desk.
“Robinhood Chain stock tokens are now live on the StonkBrokers Swap Desk powered by @rialto_xyz,” Clutch Markets tweeted. “Swap directly through Clutch Markets and turn every trade into protocol activity that powers StonkBroker stock token distributions. Trade smarter. Clock in. Community for community.”
With the improved Swap Desk, StonkBrokers, traders, degens, and more can seamlessly exchange their tokenized stocks for crypto or swap into other tokenized stocks on Robinhood Chain without leaving the Clutch Markets platform.
As the Gazette previously reported, Clutch Markets' StonkBrokers are a new collection on Robinhood Chain whose NFTs each have their own token bound wallet and are tied to a fungible token called $STONKBROKER through Clutch Markets' Anvil technology. Rather than acting as just another collectible, every StonkBroker is designed to hold tokenized stocks inside its own wallet.
After activating a StonkBroker for a small fee, collectors become eligible to receive tokenized stock distributions funded through the collection's marketplace royalties and other ecosystem flywheels.
At the time of publication, Clutch Markets has distributed more than $219,000 USD worth of tokenized stock rewards to activated StonkBrokers in just 14 days.
For more information on swap stocks for crypto, USD, or other stock, check out the StonkBrokers Swap Desk here: https://www.stonkbrokers.cash/marketplace
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