Crypto stocks have seen upheaval for a few months from a regulatory standpoint, but that doesn’t seem to have stopped the legacy financial giants, and decentralized finance (DeFi) advocates from entering into new deals.

Bloomberg reported today that Nasdaq, Finnhub, and Tiingo would provide their prize feeds to DeFiChain, a DeFi platform based on the Bitcoin Network (BTC).

DeFiChain offers cryptocurrency stock trading that matches the underlying prices of large publicly traded companies like Tesla, Amazon, and Apple. Tokenized shares, similar to a now withdrawn offering from Binance earlier this year, can be bought in small increments without investors buying a total traditional share.

Cryptocurrencies are secured with cryptocurrencies, which makes intermediaries redundant, and can also be purchased as decentralized loans. The purchase of tokenized stocks is available for trading around the clock. It does not give the holders ownership of the underlying asset but instead allows them to potentially benefit from the asset’s price movements.

The decentralized securities trading system operated by DeFiChain uses the native token DFI and Bitcoin and the dollar-linked stablecoin USD Coin (USDC). The platform’s co-founder, Julian Hosp, says the offering will open the door to many people who are frustrated with the traditional market.” However, advocates like Hosp will increasingly face the growing attention regulators are paying to the DeFi space dedicate.

Last week it was announced that the US Securities and Exchange Commission was investigating the startup behind the world’s largest decentralized cryptocurrency exchange (DEX), Uniswap. The platform removed dozens of tokens and tokenized stocks from the list in late July, Citing growing regulatory pressure.

Something similar: The Swiss-based Digital Assets AG is launching the Tokenized Shares Service on Solana

Earlier this month, sales of Binance’s hugely popular share tokens, which represent a fraction of the shares of companies like Tesla and Coinbase, were unexpectedly suspended under pressure from the Hong Kong Securities Commission and earlier reports that European and UK regulators were scrutinizing the offer. If possible, do not comply with securities laws.