The card
What is a card for tokenized stocks?
A card for tokenized stocks spends against tokens that track listed shares, without selling them. Gether is built for stocks held this way, and today the rail backs USDC, with other assets counted as the rail adds them.
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How is a stock held as a token valued?
By its price now. The token is priced, takes its haircut, and counts for a share of its value toward your spending power.
A single stock moves more than cash or a large crypto asset, so it takes the largest haircut of the three when it is counted. The account shows the share before you deposit.
Who issues the tokens?
Third-party issuers, and never the companies whose shares they track. The issuer holds the share, or an instrument on it, and issues the token against that holding.
You hold the token, and the issuer holds the share. The token confers exposure to the price on the issuer's terms, and if the issuer fails the token can fail with it. Whether you can hold one depends on where you are and on the issuer.
You hold the token. The issuer holds the share.
What does the Gether card count today?
Today the rail backs USDC. Stocks held as tokens are counted as the rail adds them, and no share is printed for one before then.
What happens when you tap?
Gether checks the charge against your spending power and the required level, then approves or declines it. An approved charge is drawn against your collateral, and nothing is sold.
Drawn balances have to be repaid. Gether is in a waitlist phase, and we email you when access opens.
A card for what you already hold.
We will email you when access opens.