Zoth founder and CEO Pritam Dutta says tokenization is making US equities more accessible in countries such as Nigeria and the Philippines, where buying shares in major technology companies can be difficult. He warns, however, that many tokenized stock products provide price exposure rather than direct share ownership, without voting rights or direct dividends, leaving investors without clearly established creditor rights. Zoth’s zMAG7 product provides exposure to seven US technology companies through tokenized stocks issued by Coinbase Onchain SPV on the Base blockchain, with investments starting at $1 for eligible investors outside the United States. Each underlying share is held by Alpaca Securities in a segregated account, while distributions are automatically reinvested in additional shares through an onchain multiplier. If the platform fails, Zoth says the shares remain segregated and positions can be redeemed for stablecoins within two business days, but Dutta did not clarify whether token holders would be treated as secured or unsecured creditors in an insolvency proceeding.
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