Crypto exchange Binance launches tradable stock tokens, starts with Tesla ...News

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Crypto exchange Binance launches tradable stock tokens, starts with Tesla
source : Russia Today ( News ) () 12
Cryptocurrency exchange Binance announced on Monday the launch of ‘trade digital tokens’ that represent fully backed shares of equity stock. It said the first stock tokens will be of Tesla, the largest automaker by market cap. According to the statement, “each stock token on Binance will represent one share of equity stock, which is fully backed by shares stored in a depository portfolio of underlying securities, in cooperation with investment firm CM-Equity AG and asset tokenization platform Digital Assets AG.” Tesla stock tokens on Binance will have a minimum trade size of one-hundredth of a stock token, representing the same fractio

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