DeFiChain has added four new dTokens—decentralized asset tokens—to its ecosystem following a community Ticker Voting process.
The newly added dTokens are $dINTC (Intel Corporation), $dMCHI (iShares MSCI China ETF), $dDIS (Walt Disney Co), and $dMSTR (MicroStrategy Incorporated), according to the project’s announcement.
As a result, DeFiChain community members can now mint and trade these dTokens, which received the most community support during the voting.
Significant Progress
With these additions, DeFi users gain further exposure to price movements of equities, ETFs, and other traditional financial assets through decentralized tokens.
Major blockchains already support dTokens tied to many well-known companies and indices—such as Alibaba, GameStop, Tesla, Apple, Nasdaq 100, Nvidia, Netflix, Meta, Amazon, Microsoft—alongside numerous other stocks and ETFs.
Prasanna Loganathar, DeFiChain’s lead engineer, commented:
“DeFiChain continues to expand the dToken universe to offer users a serious alternative to traditional financial brokers while delivering the flexibility and advantages of decentralization.”
dTokens are among the most innovative products on DeFiChain, a blockchain that brings decentralized assets to the Bitcoin ecosystem.
Users Can Gain Exposure to Favorite Assets
dTokens provide price exposure but are not securities. They do not grant voting rights, ownership, dividends, or other shareholder privileges. Instead, they track and reflect asset price movements by capturing data through oracles.
This enables people around the world to gain price exposure to their preferred assets through minting or purchasing dTokens.
That accessibility can be particularly meaningful for millions of users who face trading restrictions, geographic limitations, or other barriers that prevent direct investment in U.S. stocks and other assets.
Tokens Usable for Liquidity Mining
dTokens can be used for liquidity mining on the DeFiChain DEX, held as investments, or traded on the DEX. To create dTokens on-chain, users must deposit collateral in BTC, DFI, dUSD, USDT, or USDC.
Users may also acquire dTokens without minting them by purchasing fractional amounts on the DeFiChain DEX, allowing for passive income opportunities. dTokens can be transferred worldwide to others without intermediaries.
Finally, because DeFiChain is a fully decentralized blockchain with on-chain governance, holding decentralized stock tokens on DeFiChain does not require identity verification for users who wish to own them.