> For the complete documentation index, see [llms.txt](https://docs.monday.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.monday.trade/rwa-trading/rwa-overview.md).

# RWA Overview

> Trade tokenized stocks, real-world equities represented as ERC-20 tokens on Monad, directly on Monday Trade's DEX.

Monday Trade's RWA Trading lets you buy and sell tokenized versions of US-listed stocks. Each tokenized stock is backed 1:1 by the underlying stock held in a regulated brokerage account, giving you direct economic exposure to traditional equities from your Web3 wallet.

RWA Trading is powered by [**Anchored**](https://anchored.finance), the global digital operating system for tokenized stocks. A dedicated market maker network acts as an intermediary between Monday Trade users and Anchored to fill orders, so you can trade tokenized stocks seamlessly through the same interface you already use for spot trading.

> **No KYC required.** RWA Trading on Monday Trade works the same way as spot and perpetuals. Connect your wallet and trade.&#x20;


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