U.S.-based crypto startup Abra is adding a new feature to its blockchain-based app that will allow global users to buy portions of traditional investment instruments.
Announcing the news on Wednesday, Abra said the app will utilize the bitcoin blockchain and smart contracts technologies to support fractional investments in stocks, exchange-traded funds (ETFs). The app already offers investment in 50 fiat currencies and over 30 cryptocurrencies. “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 feature will be made available to investors in over 155 countries, offering zero trading fees for the remainder of 2019 on stock and ETF investments, the firm said, adding that the minimum investment is $5. Interested users can currently sign up for early access on the company website.
Original Link: https://www.coindesk.com/abras-blockchain-app-to-let-users-make-small-stock-etf-investments