Are US stocks stored in a Demat account?

When we buy any US stocks, where are the stocks saved? Do they also have the concept of Demat account?

There’s no concept of a Demat account in the US. The stocks are held in book or street name with the respective brokers, what they call a “books and records system”. You can learn more here: How are brokers able to offer commission free US investing - #2 by nithin

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