What are tokenised US stocks?

A tokenised US stock is a digital asset that tracks the price of a US-listed company or ETF, such as Apple, Tesla or Nvidia. When you buy one, you hold a token that follows the price of that stock. It gives you price exposure to the company or fund, in AUD, inside the Pepperstone Crypto app.

Do I own the actual share?

No. You hold a token that tracks the stock's price. You don't take legal ownership of the underlying share and you're not recorded on the company's share register.

Do I receive dividends?

No. Tokenised stocks don't pay dividends and aren't subject to corporate actions. The token is designed to track the price of the underlying stock only.

Do I get voting rights?

No. Holding a tokenised stock doesn't give you shareholder voting rights or any other rights attached to owning the underlying share.

How is the price set?

The token price tracks the price of the underlying US stock or ETF.

What does it cost to trade?

There are no fees to buy or sell tokenised stocks. You trade them through Convert, so the price you see is the live conversion rate at that moment. As with all Convert trades, a spread applies.

How do I buy and sell them?

Through the Convert tool in the Pepperstone Crypto app. Convert gives you a live rate and near-instant execution. Tokenised stocks are available on Convert only, not on the spot order book.

Can I convert my crypto into tokenised stocks?

Yes. You can convert crypto you already hold straight into a tokenised stock, and convert a tokenised stock back into crypto, all through the Convert tool. It works both ways.

Can I withdraw or transfer my tokenised stocks?

No. Tokenised stocks can't be withdrawn or transferred off the platform. You're not locked in though. You can sell them or convert them back at any time.

Can I buy part of a stock?

Yes. You can buy fractional amounts, so you set the AUD value you want rather than the number of shares. This means you can hold high-priced US names without buying a whole share.

When can I trade?

24/7. You're not limited to US market hours.

What currency do I trade in?

AUD. You buy and sell directly in Australian dollars, with no need to hold a separate US brokerage account or convert currency yourself.

Do I need a separate account?

No. Tokenised stocks sit in the same Pepperstone Crypto account and app you use for crypto.

Which stocks and ETFs are available?

Major US companies and ETFs, and we're constantly looking to list more. If you can't find the one you're after, check back regularly as the list is growing.

Will I be taxed on tokenised stocks?

Tax treatment depends on your personal circumstances. We don't provide tax advice, so keep records of your trades and speak to a registered tax agent or check the ATO if you're unsure.