DeFiChain, the world’s leading blockchain on the Bitcoin network, has added four new decentralized tokens. The new dTokens include $dJNJ (Johnson & Johnson), $dDAX (Global X DAX Germany ETF), $dADDYY Adidas (AG-ADR) and $dGS (Goldman Sachs Group Inc.). All users of the four new decentralized tokens will have unlimited price exposure to the underlying equities and ETFs without actually owning any of them. That’s because they don’t meet the legal definition of “securities,” which are issued by a corporation or an institution.
How DeFiChain redefining what tokens can do
Users can now have price exposure to stocks and ETFs within the DeFi ecosystem by minting and trading these assets. Additionally, the DeFiChain DEX allows for the purchase of dTokens in any quantity, including fractions thereof. There are three ways to use a dToken: as an investment, as a trading tool on the DeFiChain DEX, or as a tool for Liquidity Mining.
This marks the first time a dToken pegged to a German ETF has been issued on the DeFiChain blockchain and made available for trading. Also, millions of users outside of the United States who are otherwise unable to invest in US stocks due to trading limits and other restrictions can now do so with dTokens. Now, all they need is to either mint or buy the tokens that best suit their needs.
Vice President of Marketing at DeFiChain Accelerator, Benjamin Rauch, said:
“The more assets available on DeFiChain, the easier it is to take control of your investments in a decentralized way. Without any involvement of central instances.”
For the purpose of supporting cutting-edge DeFi applications, the Bitcoin network was hard-forked to produce DeFiChain, a decentralized Proof-of-Stake blockchain. Moreover, it’s the only blockchain in the Bitcoin ecosystem that provides access to decentralized assets. By staking Bitcoin, DeFi, dUSD, USDT, or USDC in the DeFiChain Vault, users can mint dTokens on the DeFiChain network.