Gate has turned tokenized stocks into collateral within a cryptocurrency exchange.

Today, Gate announced an upgrade to gStocks, unveiling a series of new features, but overall, it is about combining the stock system with the traditional (I can’t believe I’m using this word 😂) cryptocurrency system, meaning that buying stocks on Gate can go into a unified account to be used as joint collateral.

This also indicates that within Gate's ecosystem, the stock system enjoys the same capital exposure as cryptocurrencies.

Previously, users who bought gStocks mainly gained from stock price fluctuations and dividends. After the upgrade, users can collateralize gStocks to borrow USDT, deposit it into a yield product to earn returns, or use it directly as margin within the unified account to participate in spot, leverage, or other asset trading.

In simple terms, what Gate aims to do is allow users to buy tokenized stocks similarly to how they buy bitcoin:native and other cryptocurrencies, enabling them to enjoy the stock's inherent returns and also leverage cash through collateralized lending and joint margin. For example, purchasing $QQQ worth $100,000 allows users to directly borrow $60,000 to generate interest.

This means for Gate, once stock assets can be used as collateral, users' funds are more likely to stay on the platform, integrating stocks, cryptocurrencies, lending, and leverage into the same account system.

Simply put, Gate has begun to financialize tokenized stocks in a manner akin to BTC and ETH. The positioning of gStocks is transforming from a trading product to a foundational collateral asset, and Gate can continue to expand the lending scale, funding rate income, and trading volume around these stock tokens.

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