Abra’s blockchain app lets users invest in fractions of stocks, ETFs

posted 8 months ago
US based crypto startup Abra is adding a new feature to its blockchain-based app allowing global users to buy portions of traditional investment instruments. “Just as consumers can own a fraction of a Bitcoin, they can soon use Abra to own fractions of high-priced stocks and ETFs” the firm said.

The app is non-custodial, meaning Abra does not store or have access to user funds. Instead these are stored on the Bitcoin blockchain, making transactions “more secure and private than centralized databases used by most crypto exchanges and wallets” the firm said.
Tags: bitcoin, blockchain, news