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HabitTrade, a developer of blockchain-based market infrastructure, announced the launch of Stove Protocol, an open-source and non-profit system designed for the on-chain representation of U.S. equities backed 1:1 by real shares. The protocol enables listed U.S. stocks to be mapped on-chain while remaining fully backed by shares held in custody at regulated brokerages.
Stove Protocol provides permissionless smart contracts and functions strictly as infrastructure. It does not operate a trading venue, manage user accounts, or charge protocol-level fees.
Tokens issued through Stove are structured to preserve key economic rights associated with equity ownership, including dividend entitlements and claims on the underlying asset. The company noted that the protocol is built to align with existing regulatory frameworks through regulated custody of shares.
HabitTrade said the release of Stove Protocol supports its broader goal of linking traditional capital markets with blockchain-based financial infrastructure in a compliant and transparent manner.
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