HabitTrade releases the Stove Protocol, an open-source protocol that enables compliant on-chain recording of real US stock assets.
TL;DR
HabitTrade launched the open-source Stove Protocol, enabling compliant 1:1 on-chain mapping of regulated US stock assets with zero fees. It aims to foster industry collaboration for integrating traditional and on-chain capital markets.
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[HabitTrade Releases Open-Source Protocol Stove, Enabling Compliant On-Chain Access to Real US Stock Assets] According to Mars Finance, HabitTrade today announced the launch of the open-source protocol Stove Protocol. This protocol, with its open, standardized, and zero-fee design, provides a 1:1 on-chain mapping infrastructure for real, regulated US stock spot assets, thereby offering developers and platforms compliant, transparent, and low-barrier-to-entry stock on-chain capabilities. HabitTrade stated that against the backdrop of accelerated asset on-chain development and US stock tokenization, the launch of Stove Protocol aims to unite industry stakeholders to jointly build an open and reusable on-chain stock infrastructure, promoting the two-way integration of on-chain and traditional capital markets.