Cryptocurrency exchange FTX has just launched the trading of tokenized stocks of some of the world's largest companies, including Apple, Tesla, Facebook and Amazon, Bloomberg has reported.
The service has been rolled out in collaboration with the German financial company CM-Equity AG and the Swiss company Digital Assets AG (DAAG).
To trade stocks, FTX users, in addition to achieving second level verification on the platform, must prove their identity with CM-Equity AG.
The stocks that are sent for trading will be held by CM-Equity. FTX could add support for ETFs, futures, foreign currencies and other products in the future.
These tokenized shares will only be available for trading on the spot market initially.
US traders as well as from other jurisdictions restricted by FTX will not be able to access the exchange’s new service.
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