FTX Lists 60 Tokenized Stocks
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25 June
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Crypto derivatives exchange FTX has just launched trading of the tokenized stocks of 60 of the world's largest companies, including Tesla, Google, Facebook, Netflix and others. Trading takes place 24/7 and settles instantly.

FTX's technical partner is Digital Assets AG, which provides the necessary infrastructure for trading the assets. The tokens are recognized by the European Economic Area as these have been approved by the Liechtenstein Financial Markets Authority, Digital Assets AG has noted.

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In addition, Digital Assets AG has reported the stocks have been tokenized with the Solana blockchain.

Tokenized stocks are a derivative instrument representing stocks converted into a digital security token. A security token is backed by a real asset and linked to its value.

In April 2021, Binance started trading tokenized stocks of Microsoft, Apple and MicroStrategy. The security tokens are traded in a traditional trading session in pairs with the stablecoin Binance USD, which is pegged to the US dollar.

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